Hanwha Aerospace to launch US entity for LNG business

South Korean defense firm Hanwha Aerospace Co. said Tuesday it will establish a US entity dedicated to its liquefied natural gas (LNG) business as part of its effort to strengthen its presence in the global energy supply chain. Hanwha Horizon USA will serve as a control tower for the company's LNG operations, overseeing areas ranging from procurement to sales and trading to logistics. Hanwha Shipping CEO James Sagar will also head Hanwha Horizon USA. The US entity will initially secure LNG for H