사진 확대 Hyundai Glovis announced on the 27th that it has signed a 580 billion won liquefied natural gas (LNG) sea transport contract with a global general trading company for up to 15 years. Based on this, Hyundai Glovis plans to speed up the expansion of its energy logistics business. According to foreign media and other industries, the company is presumed to be Itochu, a Japanese shipping company.
For this contract, Hyundai Glovis will build and deploy a new 174,000㎥ super-large LNG carrier. A single shipment alone can carry more than half of the daily consumption of LNG in Korea. The latest storage and cooling technology will be applied to maintain a cryogenic environment of minus 162 degrees Celsius.
Based on the deal, Hyundai Glovis will begin shipping LNG from the U.S. Gulf Coast to major global consumers in 2029. The LNG transportation market is considered a high value-added shipping sector. In a recent ‘Gas 2025’ report, the International Energy Agency (IEA) predicted that global LNG trade volume will increase by about 300 billion cubic meters by 2030. This is equivalent to 40% of LNG trade volume (700 billion㎥) as of 2023. It is evaluated as a key factor that will lead to the expansion of demand for sea transport in the long run.
[Reporter Choo Donghoon]
This article has been translated by GripLabs Mingo AI.