Located in Gyeongsangnam-do in South Korea, the Tongyeong regasification terminal is operated by Korea Gas. The terminal started operations in 2002 and is owned by Korea Gas.
With a storage capacity of 1.21 million tons (Mt), the Tongyeong terminal currently has a regasification capacity of 806.3bcf/annum (billion cubic feet), which is expected remain the same as 806.3bcf/annum by 2030.
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 network. The company explores for and produces natural gas in the Middle East, South East Asia, Africa, Russia, and Oceania 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.
MethodologyInformation on the terminal is sourced from GlobalData’s LNG regasification database that provides detailed information on all active and upcoming, large – scale LNG regasification terminals globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.