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Hyundai LNG Shipping set for sale to Indonesia’s Sinar Mas Group

  • Hyundai LNG Shipping is set to be sold to Indonesia’s Sinar Mas Group, pending government approval
  • Shipowners and analysts warn the overseas sale could undermine South Korea’s energy security
  • The seller argues the impact is limited given Hyundai LNG Shipping’s small share of Kogas’s total LNG imports

Deal is still pending government approval

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