POSCO International, the energy and trading arm of POSCO Group, completed its second liquefied natural gas (LNG) terminal in Gwangyang, cementing its position as Korea's top private natural gas operator and reinforcing domestic supply lines. The company held a completion ceremony Tuesday at the Gwangyang LNG terminal, attended by about 100 people, including government officials, business representatives and executives from POSCO Group. The project cost 949.2 billion won ($700 million) and took 47 months to complete, adding two storage tanks, each with a capacity of 200,000 cubic meters, along with supporting facilities. The development also includes a berth capable of accommodating LNG carriers with capacities of up to 270,000 cubic meters and a separate bunkering berth for vessels of up to 20,000 cubic meters. With the completion of the second terminal, the combined storage capacity of POSCO International's first and second terminals has increased from 930,000 kiloliters to 1.33 million kiloliters, the largest capacity operated by a single private company in Korea. The company said the f