KOGAS to develop LNG terminal in Brazil

[THE INVESTOR] Korea Gas has signed a memorandum of understanding with Ceara state government of Brazil on Sept. 9 for a project to develop a liquefied natural gas terminal, it announced on Sept. 13.

The state-owned company will form a consortium with a civil partner and transform the current floating storage regasification unit at Pecem port to an onshore unit.

Based on this project, the gas company is seeking to develop a “total LNG business solution model” that offers a package deal from import of LNG to supplying to ultimate consumers by setting up power generation plants and steel mills. 

Korea Gas headquarters

By Hwang You-mee (glamazon@heraldcorp.com)