HANYANG

  • 01 LNG Project Introduction
  • 02 Northeast Asia LNG Hub Terminal
  • 03 Other Plans
  • Liquefied Natural Gas

    LNG Project Introduction

    Hanyang has led the development of the national energy industry based on its large-scale construction capabilities such as LNG storage tanks, main pipes, and vaporization transmission facilities, which are needed to store and supply large amounts of gas. Based on our best energy plant capabilities, we will continue to carry out the entire process of energy business reliably and successfully, from site selection and development to securing demand and licensing.

    Project Overview

    LNG

    Liquefied Natural Gas (LNG) is a colorless, transparent liquid that cools natural gas to minus 162 degrees for mass transportation and storage and compresses it to 1/600 in volume, and is used as fuel in various environments such as home, industrial and power generation. In particular, the demand is expected to continue to increase as the number of environmental pollutants emitted is significantly lower than conventional coal fuels.

    LNG Terminal

    The LNG terminal consists of facilities for unloading, storing, vaporizing, and transmitting, and is a facility that converts the imported liquid LNG brought to Korea into a gas state and supplies it to the markets that need it. In addition, hydrogen-related businesses such as bunkering which supplies fuel to ships and hydrogen fuel cell are also possible.

    Northeast Asia LNG Trading Center,
    Eco-friendly Energy (LNG) Storage Facility
    Northeast Asia LNG Hub Terminal

    In Northeast Asia, which is responsible for more than two-thirds of the world's LNG transactions, we will establish an international hub that provides comprehensive logistics, finance, and gas trading services to gas acquisition and storage facilities for free trade among various countries, especially between Korea, China, and Japan.

    • Location Myodo, Yeosu-si, Jeollanam-do(Southern part of Korea)
    • Site 650,000㎡
    • Facilities LNG Tank(200,000㎘) 4 units, Re-gas Facilities,
      Send-out Facilities, Berth, Jetty 100,000DWT
      ※Max 13 LNG Tanks
    • Construction Period Oct. 2020 ~ Oct. 2025
      ※Schedule, Site and Investment are subject to change
    • Related Industries LNG bunkering, cold-temperature storage, data centers, financial/logistics industries, etc.
    ※ The schedule, site area, investment cost, etc. may be partially changed.

    Current Status

    • 293millionkL

      Total capacity of LNG storage tank constructed by Hanyang

    • Approximately450km

      Total length of the main pipe constructed by Hanyang

    • 27millionkL

      Construction of the world's largest LNG storage tank (within the Samcheok LNG production base in 2017, the world's largest as of that time)

    • 360milliont/h

      Construction capacity of vaporization transmission facilities (based on Incheon base facilities)

    • 1983Year

      Construction of the first LNG storage tank in Korea (Pyeongtaek LNG undertaking base)

    History

    • 2021.09

      LNG construction plan Approved(#3,4 Tank)

    • 2020.12

      LNG construction plan Approved(#2 Tank)

    • 2020.03

      LNG construction plan Approved(#1 Tank)

    • 2019.11

      Technical Review Completed

    • 2018.09

      Conceptual Design / FS

    • 2017.06

      Construction of Samcheok LNG Storage Tank

    • 2011.06

      Construction of the Pyeongtaek LNG Production Base Tanks (Units 18 and 19)

    • 1986.06

      Construction of the LPG Underground Storage Base in Pyeongtaek

    • 1981.07

      Construction of the LNG Undertaking Base in Pyeongtaek

    • 1973.04

      Established Hanyang Housing Development Co., Ltd.

    We are currently working on stage 1 of the business after
    signing pre-TUAs with various demand sources.

    Hanyang plans to create four 200,000 kL LNG storage tanks, a vaporization transmission facility,
    and a dock facility for ships of up to 127,000 tons as the first stage of the project.

    01 / 06