Northeast Asia LNG Hub Terminal

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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Northeast Asia LNG Hub Terminal, also known as Hanyang LNG Terminal is a proposed LNG terminal in Yeosu, South Jeolla Province, South Korea.

Location

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Project Details

• Owner: Northeast Asia LNG Hub Terminal Co., Ltd
• Parent Company: Hanyang Group (60%), GS Holding Corp. (through its subsidiary GS Energy)(40%)
• Location: Yeosu, South Jeolla Province, South Korea
• Coordinates: 34.871552, 127.712685 (estimate)
• Type: Import
• Capacity:
• Status: Construction
• Start Year: 2027
  • Formerly 2029
  • Formerly 2024

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

The Hanyang Corporation is planning to convert the city of Yeosu in South Jeolla Province into a hub for liquified natural gas (LNG) in the Northeast Asia. The project has been approved by the Ministry of Trade, Industry and Energy (MOTIE). The project will include LNG storage tanks, a shipping harbor, and other industrial facilities for LNG production and transport by 2024.

In May 2023, Hanyang Corporation announced that it would collaborate with the German company Linde AG to develop a cluster to produce blue hydrogen near the site of the LNG terminal. The LNG terminal was expected to be online in 2029.

In March 2024, Hanyang announced that it would collaborate with GS Energy on the facility, and that construction had begun.