POSCO(US:PKX) ZACKSยท2025-07-17 13:56Core Insights - POSCO's unit POSCO E&C has secured a KRW 1.5 trillion contract for the Gulf MTP LNG Terminal project in Thailand, enhancing its position in the global LNG sector [1][7] - The project involves constructing two 250,000 cubic meter LNG storage tanks, unloading facilities, and regasification systems with a capacity to process 8 million tons of LNG annually [1][7] - This terminal marks Thailand's first LNG terminal developed through a public-private partnership, led by Gulf Development and PTT Tank Terminal [2] Company Performance - POSCO E&C has a strong track record in Thailand, having executed over 20 projects since 2002, which distinguishes the company in the local construction industry [3] - The recent contract was won amid competition from major global firms from Japan, China, and Lebanon, highlighting POSCO E&C's extensive experience in LNG terminal projects [4] - In the past year, shares of POSCO (PKX) have decreased by 19.8%, while the industry as a whole has seen a decline of 25% [4]