Japan leads globally on LNG regasification capacity

GlobalData’s latest analysis of global liquefied natural gas (LNG) regasification capacity shows that Japan has the highest LNG regasification capacity globally, with 9.6 trillion cubic feet (tcf) in 2018. South Korea and China follow with 4.9tcf and 3.2tcf respectively.

Presently, Japan accounts for 28.3% of the total global LNG regasification capacity. The country has 35 active LNG regasification terminals. Presently there is a planned terminal, Soma, which would start operations during 2018 – 2021.

South Korea contributes about 14.5% of the global LNG regasification capacity in 2018. The country has six active LNG regasification terminals. South Korea is expected to add a capacity of 17.1tcf from a planned terminal by 2021.

The third major contributor to the global LNG regasification capacity is China with 3.2tcf, which is 9.2% of the global LNG regasification capacity in 2018. It has 16 active terminals. The country is expected to add a capacity of 2.1tcf from 17 planned terminals during 2018 – 2021.

Global LNG regasification capacity

Source: GlobalData Upstream Analytics

Spain is the fourth-largest contributor to global LNG regasification capacity with 2.2tcf, which accounts for 6.5% of the global total. Presently there are two planned projects that would start operations during 2018 – 2021.

The UK contributes about 2tcf to global LNG regasification capacity in 2018, which is about 6% of the global total. Presently there is one planned project that would start operations during 2018 – 2021.

France and India contribute about 1.7tcf each, which is about 5% of global LNG regasification capacity. India is expected to add a capacity of 4.6tcf from 19 planned and announced terminals between 2018 and 2021.

Turkey and Mexico together contribute about 2.2tcf, 6.4% of global LNG regasification capacity. An announced terminal in Turkey is expected to add a capacity of 0.2tcf during 2018 – 2021.

The US has 6.6tcf of installed regasification capacity as of 2018, with 10 terminals. These can function as bidirectional terminals, originally built for liquefaction but expanded with liquefaction capacity, thus capable of both importing and exporting LNG.