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0 -0.000196540880503106 0.000196540880503106 -0.00157232704402512 -0.00255503144654093 -0.00442216981132078 -0.00452044025157227 -0.00491352201257862
Stock impact report

Glenfarne, POSCO enter into agreement for Alaska LNG Project development [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
This strategic partnership will feature steel supply, liquefied natural gas (LNG) offtake and an investment in what is the only federally authorised LNG export project on the US Pacific Coast. The agreement outlines the procedure for Glenfarne and POSCO to progress towards finalising definitive agreements, contingent upon receiving board approvals from both parties. It outlines the initial terms for POSCO to provide a significant share of the steel needed for the construction of a 807-mile, 42in pressurised natural gas pipeline at the Alaska LNG Project. This pipeline is a critical component of the project, designed to connect south-central Alaska with the North Slope's natural gas resources. Glenfarne aims to reach a final investment decision (FID) by the end of the year for the pipeline, which is expected to be crucial in conveying natural gas to meet both domestic requirements in Alaska and the supply needs of the 20 million tonnes per annum Alaska LNG export terminal in N Show less Read more
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