Asia’s total regasification capacity of liquefied natural gas (LNG) in 2022 was 27,267 billion cubic feet (bcf). The regasification capacity in Asia increased from 23,421bcf in 2017 to 27,267bcf in 2022 at an AAGR of 2.1%. Incheon (South Korea), Pyeongtaek (South Korea) and Sodegaura (Japan) are the major active regasification terminals in the region.

Japan leads among countries in Asia with a regasification capacity of 10,72bcf in 2022, contributing 39.3% of the region’s total capacity. Sodegaura, Futtsu, and Higashi Ohgishima are the major active regasification terminals in the country.

LNG industry, Asia, regasification capacity share vis-à-vis growth by country, 2017–2022

*Source: Midstream Analytics, GlobalData Oil and Gas.

South Korea ranks second with a total regasification capacity of 5,635bcf in 2022. South Korea holds 20.7% of Asia’s total regasification capacity. Pyeongtaek, Incheon, and Tongyeong are the major active regasification terminals in the country.

In Asia, China stands in the third position among countries with a regasification capacity of 5,316bcf, contributing about 19.5% of Asia’s total regasification capacity in 2022. The country witnessed significant regasification capacity growth, increasing from 3,251bcf in 2017 to 5,316bcf in 2022 with an AAGR of 9.8%. Jiangsu, Tangshan, and Guangdong are the major active regasification terminals in the country.

Further details on capacity additions and capex spending in the LNG liquefaction and regasification segments for the period 2023 to 2027  can be found in GlobalData’s new report, ‘LNG Industry Outlook by Capacity and Capital Expenditure (CapEx) Including Details of All Operating and Planned Terminals to 2027‘.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData