GS Engineering & Construction has succeeded in developing natural gas liquefaction technology.
The company announced on March 18 that it put into operation its first LNG plant test bed using its self-developed liquefaction plant design technique. Located in the production base of the Korea Gas Corporation (KOGAS) in Incheon City, the plant has a daily LNG production capacity of 100 tons.
The plant construction project was led by the LNG Plant Corps sponsored by the Ministry of Land, Infrastructure & Transport and the Korea Agency for Infrastructure Technology Advancement (KAIA). KOGAS and GS E&C worked with each other from 2008 on this project. The design of the test bed was initiated in April 2009 and the construction was completed in March 2013. GS E&C added that it succeeded in LNG production this month, for the first time in Korea, after 12 months of preparation.
“As of now, the global LNG plant market is dominated by a handful of companies such as Bachtel,” said Lim Gyeong-in, managing director at GS E&C, continuing, “The completion of the liquefied natural gas production plant at this time will be a foothold for Korean companies planning to penetrate the overseas LNG plant markets.”