Korea Gas Corporation’s LNG Receiving Terminal in Jeju’s Aewol Port. (Yonhap)
JEJU, Sept. 25 (Korea Bizwire) — The era of liquefied natural gas (LNG) has opened for Jeju island.
On Tuesday morning, SM JEJU LNG No.1, a cargo ship carrying LNG, finally docked at the Korea Gas Corporation’s LNG Receiving Terminal in Jeju’s Aewol Port.
The ship was made available on September 18 to exclusively transport LNG to Jeju.
On Tuesday morning, the ship set sail from the Tongyeong LNG Terminal in South Gyeongsang Province carrying 7,350 square meters of LNG.
The Korea Gas Corporation recently completed major constructions at the LNG Receiving Terminal in Aewol Port, and plans to begin the supply of LNG to Samyang LNG Combined Cycle Power Plant starting on October 8.
It also plans to extend LNG supply to Hallim LNG Combined Cycle Power Plant by November.
Residential-use gas will first be distributed to large apartment complexes located in Jeju and Seogwipo city as soon as the piping construction is complete.
A total of 29,615 households currently being supplied with liquefied petroleum gas (LPG) will soon receive LNG instead, which is 30 percent cheaper than LPG.
Jeju Province plans to raise the LNG supply rate by 57 percent by distributing LNG to 158,000 households by 2029.
M. H. Lee (mhlee@koreabizwire.com)
