CFC-11 and HCFC-l4lb have been used as blowing agents for rigid polyurethane foam insulation of LNG storage tank. But CFC-11 and HCFC- l4lb deplete ozone layer in the stratosphere. So in leading countries, the use of CFC-11 has been prohibited since 1995 and the use of HCFC-l4lb will be prohibited from 2005. Much efforts and studies have been done about alternative blowing agents and insulations blown by alternative blowing agents. This paper deals with polyurethane foams (PUFs) blown by HFC-365mfc, shows their physical and mechanical characteristics and thermal performance. These data are compared with the results of PUFs blown by HCFC-l4lb. From these test results, PUFs blown by HFC-365mfc show good mechanical and thermal characteristics. It is possible to use PUFs blown by HFC-365mfc as main insulation of membrane type LNG storage tank.