Asia
Posco International Signs LNG Terminal, Pipeline Agreement with KEPCO Subsidiary
Posco International (KRX:047050) secured a head of agreement for the use of a liquefied natural gas (LNG) terminal and direct pipeline from Korea Electric Power Corporation (KRX:015760) subsidiary Korea Southern Power, according to a Thursday filing with the Korea Exchange.The contract, valued at 975.1 billion won, is valid till Dec. 31, 2059.Shares of Posco International fell more than 2% in recent trade.
KRX:015760KRX:047050
