POSCO Intl invests in its Australian-based subsidy to triple natural gas production
2022. 9. 26. 12:09
![[Photo provided by POSCO International]](https://img3.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202209/26/mk/20220926120901636bhya.jpg)
POSCO International, an energy unit of Korea’s conglomerate POSCO, will invest 300 million Australian dollars ($195.61 million) in its subsidiary Senex Energy, an Australian-based natural gas producer, jointly with its local partner Hancock Energy. Through a 50-50 investment, the Korean firm will ramp up natural gas production in Australia by three times to 60 petajoules by the fourth quarter of 2025. Senex, which POSCO acquired jointly with Hancock Energy, is the sixth-largest natural gas producer in Australia.
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