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S.Korean firms bet big on US LNG market under new Trump gov't

Korea Economic Daily LogoKorea Economic Daily4d ago

S.Korean firms bet big on US LNG market under new Trump gov't - Korea Economic Daily

Quick Summary:

South Korean energy and shipbuilding companies are gearing up for a swift advance into the US liquefied natural gas (LNG) market, which is expected to take off under a second Donald Trump administration vowing to lift regulations in the country’s LNG industry.

According to sources in the Korean energy industry on Wednesday, POSCO International Corp.is considering acquiring an LNG terminal in the US, where LNG production and exports are expected to hit new record highs once Trump returns to the Oval Office next year.

LNG SHIP ORDERS TO JUMP Another Korean conglomerate, Hanwha Group, has already tapped the US LNG market after acquiring a 15% stake in NextDecade, LNG LLC in Houston, TX, which owns and operates LNG terminals.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 19:26:45 (4 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 508 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 23809340

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About Korea Economic Daily

Korea Economic Daily Logo

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 7 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 49 minutes ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

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