According to GlobalData’s LNG regasification database, 126 new announced, and planned regasification terminals are expected to commence operations during 2023-2030. Of these, 59 planned terminals with identified development plans are expected to add 11,612bcf (billion cubic feet), while 67 early-stage announced terminals that are undergoing conceptual studies and are expected to get development approval will add 10,018bcf of new regasification capacity during 2023-2030. 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.
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. China Petrochemical (50%) and others (50%) are the equity holders in the terminal. Buy the profile here.
2. Tangshan II LNG
Located in Hebei, Germany, Tangshan II is a planned regasification terminal. It is expected to start operation in 2025. It is likely to commence commercial operation with a capacity of 341bcf. Its capacity is expected to increase to 584bcf in 2030. NV Nederlandse Gasunie (40%), others (50%) and RWE (10%) own this terminal. The terminal is in the approval stage. It will be operated by NV Nederlandse Gasunie. 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 2025. Its initial capacity will be 292bcf. Its capacity is expected to increase to 584bcf in 2030. Buy the profile here.
4. Seomkum LNG
Located in Chungcheongnam-do, South Korea, the Seomkum is an announced regasification terminal. It is owned by Korea Gas (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. The project is in the feasibility stage. Buy the profile here.
5. Matarbari II LNG
The Matarbari II regasification terminal is located in Chittagong, Bangladesh. It is owned by General Electric Co (20%), Mitsubishi 25%) and Summit Power International (55%). The terminal is expected to commence operation in 2026. Its initial capacity is expected to be 548bcf. This terminal will be operated by Summit Power International. This announced terminal is currently in the feasbility stage. Buy the profile here.
For more details on the LNG regasification terminals, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
