Through construction volunteering, the foundation has supported 49 homes for vulnerable households and is continuing its efforts this year by renovating school facilities.

The Cilegon Korean Language School has produced 82 graduates, and the foundation plans to support Korean language education for 200 students this year.

POSCO 1% Foundation, funded by donations equivalent to 1% of the salaries of POSCO group employees, carried out a social contribution activity in Cilegon, Indonesia.

From August 2 to 8, the foundation conducted a global volunteer program with the participation of 50 POSCO group employees.

Cilegon is a strategic business hub for POSCO group and home to Krakatau POSCO, POSCO group’s first overseas integrated steelworks.

The volunteers helped improve the educational environment at Belumbang Elementary School, which has inadequate educational facilities. They renovated the walls of aging classrooms, repaired restrooms and built new classrooms, helping create a safe and comfortable learning environment.

The 50 volunteers were employees from POSCO group affiliates who volunteered to take part in the program. At the site, they saw firsthand how the “1% Sharing Fund,” to which they had contributed every month, was being used in the local community.

The program also included educational activities. Employees introduced Korean culture and interacted with local students through activities such as making Hangul name tags and traditional Korean masks.

“I felt a great sense of fulfillment seeing the 1% of my salary that I had contributed each month come back as smiles from the children,” said NO Se Rae, Junior Technical Manager in the Gwangyang Production Technology Department. “In addition to donating, this experience allowed me to experience the value of sharing firsthand by working alongside others at the site.”

“We are grateful for the sincere efforts of POSCO group employees,” said a teacher at Belumbang Elementary School. “The children will be able to envision a better future at their newly renovated school.”

Since 2015, POSCO 1% Foundation has carried out construction volunteering for vulnerable households in strategic business hubs, including Vietnam, Thailand and Indonesia. To date, it has supported 49 homes. Last year, the foundation opened a Korean language school in Cilegon, where 82 students completed the program. This year, it plans to support Korean language education for 200 students.

“Funded by employee donations, this volunteer program reflects our commitment to growing together with the Indonesian community,” said a POSCO 1% Foundation official. “It is also meaningful because it helps the next generation in Cilegon pursue their dreams in a better environment.”

Since its establishment in 2013, POSCO 1% Foundation has helped promote a culture of employee-participatory giving and continued various social contribution activities, including support for underserved communities in Korea and abroad and programs that help future generations achieve self-reliance.

▲ The 1% Global Volunteer Group, comprising 50 POSCO group employees, takes a commemorative photo with students after completing construction volunteering at Belumbang Elementary School in Cilegon, Indonesia.

▲ Members of the POSCO group 1% Global Volunteer Group lay bricks to build new classrooms at Belumbang Elementary School in Indonesia.

Minister of Trade, Industry and Resource KIM Jung Kwan and POSCO group Chairman CHANG In Hwa attended the ceremony, discussing cooperation on local permitting and investment conditions

Diversified the permanent magnet value chain with Brazilian rare earths as part of POSCO group’s “Triple-Core” strategy to strengthen its resource supply chain

POSCO group is creating synergies with Brazil to secure the domestic supply chain for core materials and unlock new growth opportunities

POSCO group (POSCO HOLDINGS CEO CHANG In Hwa) is stepping up efforts to secure and diversify its core mineral supply chain by partnering with Meteoric Resources, a rare earth supplier in Brazil.

On the 28th (local time), POSCO INTERNATIONAL signed a strategic memorandum of understanding (MOU) with Meteoric Resources, the rare earth development company currently working on a project in Brazil, at the Grand Hyatt São Paulo in Brazil to secure a stable supply of rare earth raw materials and establish a resilient supply chain.

The signing ceremony was attended by Minister of Trade, Industry and Resource KIM Jung Kwan, POSCO HOLDINGS CEO CHANG In Hwa, POSCO INTERNATIONAL President LEE Kye In, and Meteoric Resources CEO Stuart Gale, underscoring the significance of the partnership as a joint effort between the two countries’ governments and companies to strengthen cooperation on critical minerals.

Under the MOU, the two companies agreed to cooperate closely throughout the project, including ▲ negotiating key commercial terms for a long-term rare earth supply agreement, ▲ pursuing an equity investment linked to the long-term supply agreement, and ▲ executing a Definitive Agreement.

Under the partnership, Meteoric Resources will supply rare earth intermediate products from its Caldeira Project in Minas Gerais, Brazil, to POSCO INTERNATIONAL. POSCO INTERNATIONAL will then produce rare earth oxides under its independently developed separation and refining project and provide a stable supply to major permanent magnet manufacturers in Korea and abroad.

CEO CHANG In Hwa said, “By linking POSCO group’s integrated rare earth value chain—spanning raw material procurement, separation and refining, and ultimately permanent magnet production—with Brazil’s status as home to the world’s second-largest rare earth reserves, we will help stabilize Korea’s supply chain for the core materials essential to the future mobility industry, while also opening up new growth opportunities for the Group.”

POSCO group is already expanding its presence in the global market, having secured a series of supply agreements with leading automakers in North America and Europe for rare earth permanent magnets used in electric vehicle (EV) traction motors. The Group plans to maximize the competitiveness of its value chain, from raw material procurement to final product supply, by integrating Brazilian rare earth raw materials into the global automotive supply chain.

Meanwhile, at its Investor Day held on July 2, POSCO group unveiled its “Triple-Core” strategy, centered on industrial resources (steel), strategic resources (lithium, rare earths, and rare gases), and energy resources (LNG and renewable energy). POSCO group is focusing its capabilities on securing mineral resources that are vital to national economic security and serve as core materials for future industries, while diversifying its global supply chain to reduce reliance on any single country.

In the strategic resources sector, the Group is strengthening its competitive position through early investments in high-quality assets, including the Hombre Muerto Norte Lithium brine project in Argentina and the Wodgina and Mt. Marion lithium mines in Australia, while also planning to reinforce its leadership in the global supply chain by completing a full-cycle value chain for critical minerals, including rare earths. As part of this effort, the Group signed an MOU in July with Mongolia’s Chinggis Khaan Sovereign Wealth Fund to cooperate in the critical minerals sector.

▲ POSCO HOLDINGS CEO CHANG In Hwa, POSCO INTERNATIONAL CEO LEE Kye In, South Korean Industry Minister KIM Jung Kwan, Meteoric Resources CEO Stuart Gale and Meteoric Resources Brazil CEO Marcelo de Carvalho (from L to R) pose for a photo after signing a memorandum of understanding (MOU) to strengthen the rare earth supply chain during a bilateral business roundtable in Brazil on July 28, 2026, in this photo provided by the Ministry of Trade, Industry and Resource.

Providing integrated solutions that encompass procurement, sourcing, contracting, and risk management between headquarters and overseas subsidiaries

POSCO Group has established an Integrated Procurement Center in Shanghai, China, and has officially commenced its operations.

The opening ceremony, held on April 14, was attended by Lee, Yu-kyung, Head of Corporate Procurement Division; Lee, Seung-gi, Head of Plant, Equipment and Materials Procurement Office; and Lee, Won-chul, Representative of POSCO China (POSCO HOLDINGS). They were joined by representatives from 13 key local suppliers, including Ouyeel, Baowu Resources, and Sinosteel, as well as Lee, Do-an, Consul General of the Republic of Korea in Shanghai.

The establishment of this Integrated Procurement Center is a preemptive measure to respond agilely to the rapidly changing global supply chain environment.

China has been recognized as a core procurement hub where high-performing suppliers continue to grow. By establishing the global Integrated Procurement Center in Shanghai, POSCO Group plans to strengthen cooperation with excellent local suppliers and thereby enhance its global supply chain competitiveness.

The Integrated Procurement Center will also serve as a platform connecting the headquarters with overseas subsidiaries. Moving beyond simple purchasing functions, it is characterized by providing integrated solutions that encompass sourcing, contracting, and risk management.

Through this, the group plans to build a robust supply chain by linking its global network—including the Pohang and Gwangyang Steelworks in Korea as well as operations in Indonesia, Vietnam, and Argentina—and proactively propose the introduction of new products and technologies.

Lee, Yu-kyung, Head of Corporate Procurement Division, stated on that day, “The Integrated Procurement Center is a significant milestone that will elevate POSCO’s global procurement competitiveness to the next level. Through close cooperation with excellent local suppliers, we will secure cost competitiveness and build a robust supply chain to support the sustainable growth of POSCO Group.”

▲ The POSCO China Integrated Procurement Center held an opening ceremony in Shanghai, China, on April 14 and officially commenced operations.

Focus to deliver the steel “complete localization strategy” and tangible profits in secondary battery materials… positioning the energy business as the “Next Core”

Defined AI as a key driver that will shape the Group’s future… accelerating AX across all areas from manufacturing to office work

POSCO HOLDINGS CEO CHANG In Hwa presented “overwhelming execution” and “creating results” as the Group’s key management themes for this year. It reflects his determination to deliver visible outcomes from future investments through bold structural transformation amid a complex crisis—and to prove those outcomes in “numbers.”

On Jan. 29, POSCO Group held its first Group management meeting of the year, chaired by POSCO HOLDINGS CEO CHANG In Hwa In-hwa, to review the Group’s business plans and major pending issues. The meeting focused on strategic measures to strengthen fundamental competitiveness by business segment and to deliver a clear performance rebound by proving management results in quantitative terms.

At the meeting, CEO CHANG cited the challenging environment—including intensifying global trade barriers and prolonged low growth—and emphasized, “To break through stagnation, we must boldly reshape the Group’s fundamentals with ‘profitability’ at the center.” He also reiterated that the Group will shift into a high-intensity emergency management mode to restore market confidence by delivering overwhelming results that exceed its management targets.

First, in the steel business, POSCO group will reinforce a stable profit structure through structural cost innovation and expanded sales of high value-added products. This year, it will accelerate the transition to decarbonization by commencing construction of a hydrogen reduction steelmaking demo plant and completing the Gwangyang electric arc furnace, while fully rolling out the “complete localization strategy” in global markets. To that end, the Group plans to steadily advance the Louisiana steel mill project in the U.S., cooperation with Cleveland-Cliffs, and the establishment of a joint venture for an integrated steel mill in India.

For growth businesses such as secondary battery materials and infrastructure, POSCO group will leverage favorable market conditions—such as a strong exchange-rate environment and firmer lithium prices—as strategic opportunities to accelerate clear and visible profit creation compared with last year. In secondary battery materials, the Group will fully begin commercial lithium production at POSCO-Argentina and complete the acquisition of an equity stake in a lithium mine with Mineral Resources in Australia, thereby converting its investments to date into meaningful earnings and driving tangible performance improvement.

In particular, Chairman Chang stressed that the energy business must establish itself as the Group’s “Next Core,” connecting steel and secondary battery materials. To achieve this, he said POSCO group will continue investments to expand LNG production capacity and strengthen global trading capabilities, thereby expanding the energy business’ role as a core profit engine for the Group.

In addition, safety management innovation and faster AX (AI Transformation) were presented as key tasks for reshaping the Group’s fundamentals. Chairman Chang defined AI as a key driver that will determine the Group’s future, and said the Group will maximize enterprise-wide efficiency by adopting AI in manufacturing sites to secure a super-gap technology edge and by expanding AI adoption across office functions.

Closing the meeting, CEO CHANG said, “POSCO’s strength is finding opportunity even in a crisis and making a leap forward,” underscoring that this year will be the most critical one for the Group. He also reaffirmed, “With meticulous planning and overwhelming execution, we must turn future growth investments into concrete outcomes,” adding, “Let’s make this a year in which we clearly prove the Group’s fundamental competitiveness in numbers.”

Meanwhile, the quarterly POSCO group management meeting is a forum to review the Group’s mid- to long-term strategy and key issues. The meeting was attended by POSCO HOLDINGS CEO CHANG In Hwa and other Group executives, including CEOs of major business companies.

▲POSCO HOLDINGS CEO CHANG In Hwa chairs the Group Technology Strategy Meeting held in March 2025.

POSCO Group signs MOU with global raw materials company BHP for collaboration on HyREX hydrogen reduction steelmaking technology

Chairman Chang presents future vision for the global supply chain at APEC CEO Summit, based on Korea-Australia economic cooperation cases

On October 30, Australian Prime Minister Anthony Albanese visited POSCO’s Pohang Works, a company that represents economic cooperation between Korea and Australia.

This marks the first visit by an Australian Prime Minister in 22 years, since former Prime Minister John Howard in 2003, and serves as an opportunity for the two nations to further strengthen their future-oriented partnership across various industries, including resources, materials, and future energy.

Prime Minister Albanese toured the raw material pier at Pohang Works, where he observed the actual use of Australian iron ore and coking coal, and received a briefing on HyREX, Korea’s proprietary hydrogen reduction steelmaking technology.

POSCO Group began purchasing Australian iron ore in 1971 and has since used over 1.5 billion tons of Australian iron ore and coking coal — a symbolic example of Korea-Australia cooperation in the resources and steel industries.

Prime Minister Albanese stated, “Australia is one of the world’s leading resource-rich nations, a land of infinite opportunity where industries can grow through investment in critical minerals. Australia’s abundant resources will be a driving force for the global economy, and we will continue to expand cooperation with Korea.”

Chairman In-hwa Chang of POSCO Group said during his meeting with the Prime Minister, “Australia is a strategic partner with whom we are pioneering future growth industries, extending beyond steel to secondary battery materials and energy. I expect this visit to serve as a catalyst for strengthening trust between our two countries.”

Since its investment in the Roy Hill iron ore mine in 2010, POSCO Group has been promoting an HBI (Hot Briquetted Iron) production project in Australia as a low-carbon steel raw material initiative, and in 2022, it acquired Senex Energy to expand its natural gas business.

Prior to the meeting with the Prime Minister, POSCO Group signed a memorandum of understanding (MOU) with BHP, Australia’s leading global raw materials company, for R&D cooperation on the HyREX carbon reduction steelmaking process. Under the agreement, BHP will provide the iron ore feedstock and technical expertise required for the trial operation of the HyREX demonstration plant. POSCO Group plans to develop this cooperation into a successful example of climate change response jointly undertaken by a global steelmaker and a raw materials supplier.

Earlier in the day, Chairman Chang delivered a keynote speech at the APEC CEO Summit held at the Gyeongju Arts Center, under the theme “Connecting the Future: POSCO’s Supply Chain Partnerships for Shared Prosperity.”

He emphasized the importance of multilateral cooperation and solidarity in building sustainable and resilient global supply chains, which have emerged as a core agenda for the global economy. He also shared examples of strategic economic cooperation between POSCO Group and Australia over the past half-century, including strengthening raw material supply chains, co-developing low-carbon products, and transitioning to future energy.

Following the keynote, a panel discussion was held with Garry Korte, CEO of Hancock, and Omoto Masayuki, CEO of Marubeni, to explore solutions for global supply chain challenges from multiple perspectives.

On October 29, POSCO Group also hosted “POSCO Night,” inviting key business partners. Attendees included Simon Trott, CEO of Rio Tinto Group, and Zhu Wei, President of CATL ESS, who engaged in extensive exchanges with POSCO Group’s management to explore business cooperation opportunities.

▲ Australian Prime Minister Anthony Albanese visited the Pohang works on the 30th. Prime Minister Albanese and POSCO Group Chairman In-hwa chang agreed to continue expanding economic cooperation between Korea and Australia.

Chairman Chang emphasized the importance of multilateral cooperation and solidarity in building a sustainable and resilient global supply chain, which has emerged as a key issue for the world economy. He shared strategic economic cooperation cases between POSCO Group and Australia, including strengthening raw material supply chains, jointly developing carbon-reduction products, and advancing the future energy transition during the past half century. He also conveyed a message to jointly create solutions for a sustainable future based on the roles and responsibilities of companies.

▲ On the 30th, POSCO Group Chairman In-hwa Chang delivers a keynote address at the Gyeongju Arts Center, where the APEC CEO Summit is being held.

▲ On the 30th, POSCO Group Chairman In-hwa Chang delivers a keynote address at the Gyeongju Arts Center, where the APEC CEO Summit is being held.

Chairman Chang stated, “We must not be trapped by past successes, but maintain a sense of urgency,” and emphasized, “Technology is the key to opening the future of a world-class company.”

Safety was highlighted as a prerequisite for all business operations, with executives urged to take responsibility and fundamentally eliminate risks.

At the 2025 POSCO Forum, In-hwa Chang, Chairman of POSCO Group, joined group executives and renowned global scholars to directly confront the challenges facing the group and seek solutions for sustainable growth amid a period of technological transformation.

Now in its seventh year, the POSCO Forum brought together all group executives to assess the internal and external business environment and discuss strategies for growth and innovation. This year’s forum, held at the POSCO Songdo Global R&D Center from September 22 for two days, was themed “The Era of Great Transformation: What Shapes the Future?”

Chairman Chang remarked, “We must not be confined by previous methods of success, but maintain a sense of urgency so that technology can become the key to POSCO Group’s future as a world-class company. We will stay ahead of the curve, read the future, and lead industrial change to achieve sustainable growth.”

Regarding safety, he stressed, “We will humbly accept the results of safety inspections and fundamentally eliminate risks so that all group members can create results creatively in a safe workplace. We will fulfill our responsibility to establish and spread K-Safety best practices in domestic manufacturing and construction sites.”

In the keynote speech, Andrew McAfee, Professor at MIT Sloan School of Management, reviewed the evolution of society, economy, and industry driven by technological revolutions, and proposed growth strategies for companies navigating the transitional period of innovations such as AI, robotics, and quantum mechanics.

The following sessions, organized around three megatrends—New Mobility, AI Transformation, and Energy—provided insights for preparing for the future from a broader and long-term perspective through expert lectures, discussions, technology demonstrations, and dialogues.

The ‘New Mobility’ session introduced cases and implications of mobility innovation evolving into software, services, and aviation. The ‘AI Transformation’ session included demonstrations of robotics technology and analyzed changing manufacturing trends driven by advances in AI and robotics. The ‘Energy’ session addressed the shift from traditional fossil fuels to emerging electrification-centered systems, covering response cases and future strategies of major companies and countries.

Since his inauguration, In-hwa Chang has declared the management vision of “Materials for Tomorrow, Innovation for Excellence,” focusing on the importance of technology as one of the strategic directions for executing seven major future innovation tasks, including rebuilding the steel business and securing competitiveness in battery materials, and leading future technology-based super-gap businesses.

POSCO Group aims to strengthen its technology innovation system by encouraging technological development that drives sustainable growth through the POSCO Forum, the Group Technology Strategy Meeting chaired by the Chairman, and the POSCO Group Tech Forum, while reinforcing the link between technology and business strategy to secure world-class competitiveness and create new future businesses.

▲ In-hwa Chang, Chairman of POSCO Group, speaks with Andrew McAfee, Professor at MIT Sloan School of Management and keynote speaker, at the 2025 POSCO Forum held at POSCO Songdo Global R&D Center on September 22.

Chairman In-hwa Chang: “I extend my deepest gratitude to all POSCO Group employees who made today’s honor possible··· We will leap forward as a global premier materials company through bold challenges and innovation”

Discusses manufacturing AI transformation and solutions to global economic fragmentation with opinion leaders, experts, and scholars at the Korea Society roundtable, exploring Korea-U.S. cooperation opportunities

POSCO Group announced its strategy for strengthening global leadership in New York, exploring manufacturing solutions through cooperation between Korea and the U.S. in the AI and energy sectors.

Chairman In-hwa Chang participated in the Global Steel Dynamics Forum hosted by World Steel Dynamics (WSD, a global steel industry analysis organization) in New York on June 18 (local time), introducing POSCO Group’s strategy for advancing as a premier future materials company.

The event was attended by steel industry leaders and approximately 500 industry stakeholders, including David Burritt, CEO of U.S. Steel, Lourenco Goncalves, Chairman of Cleveland Cliffs, and TV Narendran, CEO of Tata Steel.

The forum was made particularly meaningful with a ceremony inducting POSCO Holdings as the first global steel group to be permanently enshrined in the WSD Hall of Fame.

▲POSCO Group Chairman In-hwa Chang (left) poses for a commemorative photo after receiving a specially crafted WSD Hall of Fame plaque in the form of a baseball jersey from WSD CEO Philipp Englin at the WSD Forum held in New York on June 18 (local time).

POSCO Holdings has been ranked first for 15 consecutive years since 2010 in WSD’s “World’s Most Competitive Steel Company” evaluation, which has assessed 35 steel companies worldwide since 2002 across 23 criteria, including technological innovation, production scale, cost reduction, processing costs, financial soundness, customer accessibility, and raw material procurement. The company was inducted into the Hall of Fame in recognition of this honor and superior competitiveness.

Chairman Chang expressed his sentiments, saying, “The 15 years of maintaining first place in overall competitiveness is by no means a short period, and I am deeply grateful for the valuable sweat and dedication of all POSCO employees.” He also conveyed his appreciation, noting that “the Hall of Fame induction represents encouragement and support from the global steel industry.”

He emphasized that this induction marks the beginning of a new chapter for the POSCO Group, which will continue its relentless efforts to enhance competitiveness through the realization of intelligent factories via AI and the development of hydrogen-based steelmaking technology, becoming a POSCO that grows responsibly through a bold and challenging spirit and continuous innovation.

Prior to the forum, Chairman In-hwa Chang participated in a roundtable organized by The Korea Society, an organization established to promote mutual understanding and cooperation between Korea and the United States, on June 17 to explore Korea-U.S. cooperation strategies centered on group businesses.

The roundtable was attended by experts and scholars from both countries in the fields of AI, geopolitics, and energy, including Korea Society Chairwoman Kathleen Stephens, President Thomas Byrne, University of Maryland Chair Professor Jay Lee, and American Energy Alliance President Mark Menezes.

The session featured in-depth discussions on Korea-U.S. cooperation opportunities in the steel, secondary battery materials, and energy sectors amid geopolitical uncertainties, including global economic fragmentation.

Additionally, practical solutions were explored to address challenges facing manufacturing during the AI transformation era, including the utilization of the “Industrial Large Knowledge Model (ILKM)” that enhances reliability by integrating expert process knowledge and data from various fields into AI, as well as robot automation solutions for high-risk, non-standard manufacturing environments.

In April, Chairman In-hwa Chang attended the World Steel Association Executive Committee meeting in Australia, inspected the Senex Energy gas field project site in Australia, and visited the construction site of Ultium CAM, a cathode material production subsidiary located in Canada, to personally oversee global secondary battery materials business operations. In May, he participated in the opening ceremony of Australia’s Core Resources Research Institute, the first overseas resource-specialized research institute established by a Korean company, continuing his global management activities centered on steel and secondary battery materials businesses.

The 174,000㎥-class carrier will make at least five annual round trips between Korea and the U.S., expanding the group’s market share in the North American energy sector

Completing its LNG value chain, encompassing production, import, storage, and power generation within the POSCO Group

Accelerating the group’s energy business with a stable supply system based on long-term North American LNG contracts

POSCO Group is accelerating its business expansion in the energy sector through the introduction of a LNG-dedicated carrier. Amid growing uncertainties in the global energy supply chain, this strategic move enables the group to establish a stable energy transportation system.

On the 23rd, POSCO INTERNATIONAL held a naming ceremony for the group’s first LNG-dedicated carrier, ‘HL FORTUNA,’ at HD Hyundai Samho in Mokpo, Jeollanam-do. ‘FORTUNA’ is a Latin word, which means ‘fortune.’

The naming ceremony was attended by key group executives, including Lee Kye-In, POSCO INTERNATIONAL CEO and Lee Yu-Kyung, POSCO Vice President, along with industry leaders such as Kim Jae-Eul, CEO of HD Hyundai Samho, and Seo Myung-Deuk, President of H-Line Shipping, to share the significance of securing LNG transportation assets and discuss future opportunities for collaboration.

The success of this carrier project stems from a collaborative effort among three companies from different industries—energy, shipbuilding, and shipping—where POSCO INTERNATIONAL oversees long-term LNG procurement and operations, HD Hyundai Samho handles the ship’s construction, and H-Line Shipping manages carrier operations.

As a 174,000㎥-class LNG carrier, measuring 299 meters in length and 46.4 meters in width, the HL FORTUNA is specifically optimized for transporting North American LNG. Its capacity allows it to carry enough natural gas to power South Korea for 12 hours per trip.
*Capable of transporting at least 78,000 tons per trip

Equipped with a dual-fuel system using LNG as its primary fuel and a highly efficient re-liquefaction system that cools evaporated gas for reuse, the carrier is designed to flexibly respond to international environmental regulations.

Following its delivery on the 27th, the carrier will undergo sea trials and begin global LNG trading operations in the second half of the year. Starting in 2026, it will load LNG at Cheniere’s terminal in Louisiana, USA, for the purposes of domestic import and overseas trading. The carrier is scheduled to make at least five round trips annually to POSCO INTERNATIONAL’s Gwangyang LNG terminal, primarily transporting LNG under long-term North American contracts.

POSCO INTERNATIONAL has already secured a long-term contract with Cheniere Energy for 400,000 tons of LNG a year and a 700,000-ton contract with Mexico Pacific, steadily expanding the group’s LNG import foundation. As the Mexico Pacific project progresses, the company will prepare additional dedicated carriers to secure stable transportation.

“The introduction of this dedicated carrier significantly strengthens the group’s LNG value chain, from gas field production right through to import, storage, and power generation, providing a robust foundation to effectively respond to the challenges of global protectionism,” a POSCO INTERNATIONAL official remarked. “We are committed to continuously securing additional carriers to further enhance supply stability and LNG trading efficiency while simultaneously strengthening our global supply chain capabilities.”

▲ POSCO Group’s first LNG-dedicated carrier ‘HL FORTUNA’