{
  "id": 3150428,
  "title": "Hanwha Aerospace Launches Hanwha Horizon USA to Lead Global LNG Business",
  "url": "https://urgent.news/2026/08/25/hanwha-aerospace-launches-hanwha-horizon-usa-to-lead-global-lng",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-25T00:54:17.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=275426"
  },
  "original_language": "en",
  "account": "Hanwha Aerospace has launched Hanwha Horizon USA to manage its liquefied natural gas (LNG) business, encompassing procurement, sales, trading, and logistics optimization. James Sagar, CEO of Hanwha Shipping, assumes the role as the new entity's leader, boasting over three decades of experience in maritime and energy sectors. Sagar announced that the launch represents a significant milestone, seamlessly merging Hanwha's global LNG procurement capabilities with its shipbuilding and maritime industries.\n\nSagar emphasized the development of a resilient LNG supply chain capable of adapting to market fluctuations and fostering a unique LNG value chain within the global energy market. Hanwha Aerospace intends to construct a global LNG value chain, integrating the competencies of its affiliated companies in LNG transportation, supply, and power generation. Initially, the company aims to supply fuel to Hanwha Energy's Yeosu LNG power plant in South Korea, expected to commence commercial operation in 2029, subsequently expanding supply to energy producers and companies in South Korea and other markets.\n\nIn the long term, Hanwha Horizon USA plans to introduce a comprehensive LNG trading business across Asia and beyond. The new entity also bolsters energy security collaboration between the United States and South Korea. A stable LNG supply chain is anticipated to expand bilateral cooperation in strategic sectors, including energy and defense. Hanwha Aerospace has established a robust supply foundation for this new endeavor, signing an LNG purchase agreement with Venture Global, a prominent U.S. LNG producer, and a memorandum of understanding with Korea Southern Power (KOSPO) to enhance LNG procurement and diversify supply sources. The entity's financial stability is further bolstered by an A- credit rating from S&P Global Ratings.",
  "summary": "Hanwha Aerospace today announced the establishment of Hanwha Horizon USA, a new entity that will oversee the company's liquefied natural gas (LNG) business, from procurement and sales to trading and logistics optimization.The new entity will be led by James Sagar, chief executive officer of Hanwha S",
  "key_points": [
    "Hanwha Aerospace launches Hanwha Horizon USA to manage LNG business.",
    "James Sagar, CEO of Hanwha Shipping, leads the new entity.",
    "Sagar aims to create global LNG value chain, starting with South Korean LNG power plant."
  ],
  "editors_take": "Hanwha Aerospace's launch of Hanwha Horizon USA signifies a strategic expansion into the global LNG market, integrating its affiliates' competencies to create a resilient supply chain and unique value chain.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}