Hanwha Horizon USA will serve as the company’s U.S. command center, sourcing LNG supplies, expanding trading and supporting Korea’s energy security.<\/p>\n
\n Liquefied natural gas (LNG) carriers are anchored at Venture Global’s LNG terminal in Louisiana, in a photo released by Hanwha Aerospace on Aug. 25.
\n HANWHA AEROSPACE\n <\/p>\n
Hanwha Aerospace said Tuesday it will establish a U.S. entity dedicated to its liquefied natural gas (LNG) business as part of its effort to strengthen its presence in the global energy supply chain.<\/p>\n
Hanwha Horizon USA will serve as a command center for the company’s LNG operations, overseeing areas ranging from procurement to sales and trading to logistics. Hanwha Shipping CEO James Sagar will also head Hanwha Horizon USA.<\/p>\n
The U.S. entity will initially secure LNG for Hanwha Energy’s LNG power plant in Yeosu, South Jeolla, scheduled to come online in 2029, the company said.<\/p>\n
It also plans to supply LNG to other power plant operators and energy companies, and expand into LNG trading across Asia and other global markets.<\/p>\n
Hanwha Aerospace said the LNG initiative is part of broader efforts to enhance Korea’s energy security and strengthen energy cooperation between Korea and the United States.<\/p>\n
\u201cThe launch of Hanwha Horizon USA is a turning point that connects our global LNG procurement capabilities with our shipbuilding and maritime businesses,\u201d Sagar said in a release. \u201cWe will build a stable LNG supply chain that can respond flexibly to market changes and continue to grow a distinctive LNG value chain in the global energy market.\u201d<\/p>\n
Hanwha Aerospace has already taken steps to secure LNG supplies by signing a purchase agreement with Venture Global, a major U.S.-based LNG producer.<\/p>\n
The company has also signed a memorandum of understanding with state-run Korea Southern Power to jointly strengthen LNG procurement and diversify supply sources.<\/p>\n
Yonhap<\/p>\n","protected":false},"excerpt":{"rendered":"Hanwha Horizon USA will serve as the company’s U.S. command center, sourcing LNG supplies, expanding trading and supporting…\n","protected":false},"author":2,"featured_media":134836,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[355,354],"class_list":["post-134835","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha","tag-hanwha","tag-hanwha-group"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/134835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=134835"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/134835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/134836"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=134835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=134835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=134835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}