Glenfarne, South Korea's POSCO International sign 20-year LNG supply deal
1. Glenfarne's Alaska LNG will supply 1 mtpa of LNG to POSCO for 20 years. 2. Long-term agreement may enhance energy security and market dynamics in Asia.
FAQ
Why Bullish?
The long-term supply agreement with POSCO could drive demand for PKX's steel used in energy infrastructure, reflecting historical trends where energy projects boost related sectors.
How important is it?
The agreement suggests increased LNG production, indirectly boosting PKX's market due to enhanced construction needs in energy infrastructure.
Why Long Term?
This agreement signifies a stable demand for LNG, potentially leading to ongoing infrastructure developments, benefitting PKX over an extended horizon.