According to GlobalData’s LNG Regasification Database, 114 announced and planned regasification terminals are expected to commence operations during 2024-2030. Of these, 57 planned terminals with identified development plans are expected to add 11,799 bcf (billion cubic feet), while 57 early-stage announced terminals that are undergoing conceptual studies and are expected to get development approval will add 8,169 bcf of new regasification capacity during 2024-2030. GlobalData uses proprietary data and analytics to provide a complete picture of the global LNG regasification segment. Buy latest LNG terminal profiles here.
Here are the five largest upcoming LNG regasification terminals in Asia by capacity in 2030, according to GlobalData’s LNG Regasification Database.
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1. Zhoushan III LNG
Zhoushan III is an announced regasification terminal, located in Zhejiang, China. It is expected to start operations in 2026. It is likely to commence commercial operation with a capacity of 341bcf. Its capacity is expected to increase to 730.5bcf in 2030. The terminal is in feasibility stage. It will be operated by China Petroleum & Chemical Corp. It is owned by China Petrochemical Corp (50.00%) and Others (50.00%). Buy the profile here.
2. Tangshan II LNG
Located in Hebei, China, Tangshan II is a planned regasification terminal. It is expected to start operation in 2024. It is likely to commence commercial operation with a capacity of 243.5bcf. Its capacity is expected to increase to 584.4bcf in 2030. Caofeidian Xintian LNG Co (51.00%) and China Suntien Green Energy (49.00%) own this terminal. The terminal is in the commissioning stage. It will be operated by Caofeidian Xintian LNG Co Ltd. Buy the profile here.
3. Zhoushan II LNG
Zhoushan II is an announced terminal located in Zhejiang, China, and is in the feasibility stage. It is expected to commence operation in 2026. Its initial capacity will be 292.2bcf. Its capacity is expected to increase to 584.4bcf in 2030. It would be operated and owned by Zhejiang Energy Gas Group Co Ltd (100%). Buy the profile here.
4. Dangjin II LNG
Located in Chungcheongnam-do, South Korea, Dangjin II is an planned regasification terminal. It is owned by Korea Gas Corp (100%). It is expected to commence operation in 2025. The terminal is likely to start with a capacity of 565bcf. It will be operated by Korea Gas Corp. The project is in construction stage.
5. Map Ta Phut II LNG
The Map Ta Phut II regasification terminal is located in Rayong, Thailand. It is owned by Gulf Energy Development PCL (70.00%) and PTT Public Co Ltd (30.00%). The terminal is expected to commence operation in 2027. Its initial capacity is expected to be 243.5bcf. This terminal will be operated by Gulf MPT LNG Terminal Co Ltd. This planned terminal is currently in the approval stage.
For more details on the LNG regasification terminals, buy the profiles here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
