South Korea Plans for Fifth LNG Storage and Regasification Terminal, an Industrial Info Market Brief

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A new liquefied natural gas (LNG) storage and regasification terminal will be constructed in South Korea's Dangjin City. It will be the fifth such terminal in South Korea, following those in Pyeongtaek, Incheon, Tongyeong and Samcheok.

The owner, Korea Gas Corporation (KOGAS), will invest $17.6 billion until 2025 in four LNG tanks, each with a capacity of 200,000 kiloliters. KOGAS also will construct regasification facilities, including a jetty.

Click here for more information on the Dangjin City terminal, and click here for a list of capital-spending projects related to LNG across South Korea. See graph below for a breakdown by project type.