Korea Gas will operate the upcoming Seomkum LNG regasification terminal, proposed to be built in Chungcheongnam-do in South Korea. According to GlobalData, who tracks more than 1,100 active and developing LNG terminals worldwide, the terminal is expected to start operations in 2025 and will be owned by Korea Gas. Buy the profile here.
The Seomkum LNG regasification terminal has a proposed regasification capacity of 564.92bcf/annum (billion cubic feet) and storage capacity of 0.37 million tons (Mt).
During the period 2021-2025, the Seomkum regasification terminal is expected to witness an estimated capex of $1,662.5m.
About Korea Gas
Korea Gas Corp (KOGAS) is a vertically integrated natural gas company that operates in upstream, midstream, and downstream segments of the natural gas industry. It explores for, produces, and distributes natural gas. KOGAS also purifies and sells by-products; imports and exports natural gas and liquefied natural gas (LNG); and constructs and operates LNG terminals and natural gas distribution networks. The company explores for and produces natural gas in the Middle East, South East Asia, and Russia regions. It operates LNG terminals and a pipeline network and imports LNG and sells it to city gas companies, gas utility companies, and power generation companies. KOGAS is headquartered in Daegu, Republic of Korea.
For more details on the Seomkum LNG Regasification Terminal, buy the profile here.