STX Corp., a South Korean trading company recently sold to Chinese fund AFC Mercury, will invest $6 million to build a liquefied petroleum gas (LPG) tank terminal in Khasan, Primorsky Krai, Russia, where the borders of Russia, China and North Korea converge.
STX said in late November that LPG to be stored at the new storage in Russia will be mainly delivered to China and pins high hope on its LPG storage business in the region that lacks LPG storage facilities despite active LPG trading between Russia and China. It hopes the project would help it expand its position in the global trading business.
STX said in late November that LPG to be stored at the new storage in Russia will be mainly delivered to China and pins high hope on its LPG storage business in the region that lacks LPG storage facilities despite active LPG trading between Russia and China. It hopes the project would help it expand its position in the global trading business.
