BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Business > article

STX launches LPG tank terminal project in Russia near North Korean border

Park Sae-jin Reporter(swatchsjp@ajunews.com) | Posted : November 15, 2018, 11:21 | Updated : November 15, 2018, 11:21
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of STX Corporation]


SEOUL -- STX Corporation, a Seoul-based trading company, agreed to invest in a natural gas tank terminal project in Russia's far eastern border town of Khasan. Russia and South Korea are discussing a possible pipeline project to bring natural gas through North Korea.

STX said in a statement Thursday that the company signed a deal this week in Seoul to invest $6 million in KIM, a Russian LPG tank terminal operator which pursues gas storage and shipment services for Russian and Chinese customers.

KIM plans to build an LPG tank terminal that would serve as an intermediate logistics base in Khasan near the tripoint on the Tumen River where the borders of Russia, China and North Korea converge. STX predicts KIM can sell about 600,000 tons of LPG in the next three years.

Demand for Russian natural gas in the region is growing, but there are no proper facilities. Khasan is a strategically vital spot to set up a tank terminal. An inter-Korean thaw rekindled the idea of building a gas pipeline through cooperation between the two Koreas and Russia.

  • Park Sae-jin Reporter
  • email : swatchsjp@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .Macrogen teams up with domestic rivals to participate in K-DNA big data project.
    Macrogen teams up with domestic rivals to participate in K-D…
  • .Ulsan opens demonstration facility for hydrogen power generation.
    Ulsan opens demonstration facility for hydrogen power genera…
  • .Biotech companies selected for state project to establish big data in biology.
    Biotech companies selected for state project to establish bi…
  • . CHA Biotech agrees to provide stem cells for atopic dermatitis treatment.
    CHA Biotech agrees to provide stem cells for atopic dermati…
  • .LG Chem introduces new NASH drug candidate from Chinas TransThera .
    LG Chem introduces new NASH drug candidate from China's Tran…

Real Time Photo News

  • .Kakao units merged into entertainment company targeting global market.

    Kakao units merged into entertainment company targeting global market

  • .BLACKPINK member Rosé to premiere solo song through online concert.

    BLACKPINK member Rosé to premiere solo song through online concert

  • .Singer HyunA to end 14-month hiatus with mini-album Im Not Cool.

    Singer HyunA to end 14-month hiatus with mini-album 'I'm Not Cool'

  • .NCSofts global K-pop fan community platform to service original content including songs.

    NCSoft's global K-pop fan community platform to service original content including songs

  • .Singer IU drops teaser image for upcoming full album.

    Singer IU drops teaser image for upcoming full album

Latest News

more+

  • Researchers use AI to localize technology for face recognition system
  • Hyundai's IONIQ 5 electric vehicle to be released in Europe in late March
  • Researchers imitate structural coloration of bird feathers to develop reflective display
  • Cosmetics maker Aekyung partners with Chinese counterpart Proya cosmetics
  • All S. Korean infantry units backed by well-equipped teams of designated marksmen
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view