Feasibility study of the application of a developed annealed austenitic stainless steel at cryogenic temperature has been performed for membrane tank of LNG ship. Chemical properties of developed stainless steel are compared with a domestic commercial stainless steel and a foreign stainless steel which are used for LNG ships. Tensile properties at cryogenic temperature and fatigue strength at room temperature are measured for but and lap joints which are TIG welded specimens. Developed stainless steel having a small amount of titanium component shows the finest grain size in the HAZ, compared with the other stainless steel studied. Tensile strength, elongation and fatigue strength of the developed stainless steel are equal to those of the foreign stainless steel studied and are higher than the domestic commercial stainless steel studied.