The company said Thursday it signed an LNG purchase agreement with Venture Global, a major U.S. LNG producer.
Under the deal, Hanwha Aerospace will secure 1.5 million tons of LNG a year for 20 years starting in 2030 and plans to supply it to end users in Europe, Asia and other markets. The annual volume equals about 4.4% of South Korea’s LNG consumption in 2024, which totaled about 34.12 million tons.
The agreement is part of the group’s push to build a “global LNG value chain” by combining affiliate capabilities. Hanwha Ocean provides capacity to build LNG carriers and offshore infrastructure such as floating LNG production facilities, or FLNG. Hanwha Energy has LNG power generation and operating capabilities. Hanwha Shipping will handle ocean transport.
Hanwha Aerospace said the LNG move is intended to secure a future growth engine and, by strengthening “energy security” capabilities, bolster the global competitiveness of its core defense and shipbuilding businesses.
As more countries view energy supply chains as tied to national security, major nations including those in Europe are adopting stable LNG supply as a key security strategy, the company said. Against that backdrop, Hanwha Aerospace said it plans to use LNG as leverage to expand defense exports and, over the long term, strengthen security partnerships with customer countries. It also expects increased LNG carrier orders for Hanwha Ocean.
“Defense, shipbuilding and the energy industry are closely linked because they are core elements of national security,” a Hanwha Aerospace official said. “We will contribute to global security through eco-friendly energy solutions that cover production, distribution and use.”
Hanwha Aerospace said it has been building an LNG business base in stages. In 2024, it invested about 180 billion won in U.S. LNG company NextDecade. In 2025, it signed a memorandum of understanding with Hanwha Energy and Korea Southern Power to expand the global LNG supply chain.
* This article has been translated by AI.
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