South Korea Targets LNG Export Terminals Investment in the US
South Korea is set to announce investments in two LNG export terminals in Louisiana by June, focusing on Commonwealth LNG and Delfin. The projects are significant due to their potential capacity and investment scale, with a projected cost of $11 billion.
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South Korea is preparing to invest in two liquefied natural gas (LNG) export terminals in Louisiana, with an official announcement expected in June. The chosen projects are Commonwealth LNG, which will process approximately 9.5 million tons of LNG annually, and the Delfin terminal.
The total investment for Commonwealth LNG is estimated at $11 billion, with South Korea expected to contribute around $10 billion. South Korean authorities may choose to invest in one or both projects. If realized, these investments could enhance South Korea's energy security and increase its presence in the global LNG market.
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