Regasification terminals
Summary
Top countries by national regasification capacities are Japan, South Korea and China. They jointly have half of world capacities and this share will grow in the next two years.
Top terminals by nameplate capacities are Incheon (55 MTPA), Pyeongtaek LNG (41 MTPA) of South Korea and Sodegaura (29 MTPA) of Japan.
China dominates in newbuilds.
Current capacity
East Asian countries Japan, China and South Korea are leaders for current national regasification capacity. China is actively building new regasification terminals nowadays and could become number one countries in terms of regasification capacity by 2025.
India is number four well behind top three countries. As Indian power generation still coal-based, LNG import into India and related infrastructure has potential fo significant growth.
Spain has to rely on LNG import to significant extent, but as the market matures and stabilizes there is little chance for its future growth.
USA has a lot of historic LNG import facilities, but now they have been rebuild as LNG export liquefaction plants and have no or little LNG import.
Incheon regasification terminal located in Seoul neighbourhood is the world’s largest regasification terminal with nameplate capacity 54.4. MTPA. It started operation in 1996, owned and operated by Korean Gas Corporation (KOGAS), which owns the entire South Korean transmission network and has a monopoly on wholesale gas sales in South Korea.
The second largest is Pyeongtaek LNG terminal, also in South Korea. It started operations in 1986 and also owned by KOGAS. After extentions its capacity counts 41 MTPA.
The third largest is Sodegaura terminal in Chiba, Japan. It started operations and is owned by Tokyo Electric Power Co Holdings Inc (50%); Tokyo Gas Co Ltd (50%).
Newbuilds
China is the world leader in construction of new regasification terminals.
Notes:
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