Ulsan LNG Terminal
| This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor. |
| Sub-articles: |
Ulsan LNG Terminal is a liquefied natural gas (LNG) terminal under construction in South Korea.[1]
Location
The terminal is proposed to be located in Ulsan, South Chungcheong, Korea.[2]
Project details
Phase 1
- Operator: Korea Energy Terminal (KET)[1]
- Owner: Korea National Oil Company, SK Gas, MOL Chemical Tankers[1]
- Parent company: Korea National Oil Company, SK Gas, MOL[1]
- Location: Ulsan, South Chungcheong, Korea.[2]
- Coordinates: 35.501837, 129.396566 (approximate)
- Capacity: 2.4 mtpa[3]
- Status: Construction[1]
- Type: Import[1]
- Start year: 2024[4]
- Cost: 1.2 trillion won (US$919 million)(total Phase 1 and 2)[5]
- Financing:
- FID status:
- Associated infrastructure: Ulsan GPS power station
Phase 2
- Operator: Korea Energy Terminal (KET)[1]
- Owner: Korea National Oil Company, SK Gas, MOL Chemical Tankers[1]
- Parent company: Korea National Oil Company, SK Gas, MOL[1]
- Location: Ulsan, South Chungcheong, Korea.[2]
- Coordinates: 35.501837, 129.396566 (approximate)
- Capacity: 4.8 mtpa[3]
- Status: Construction[1]
- Type: Import[1]
- Start year: 2026[4]
- Cost: 1.2 trillion won (US$919 million)(total Phase 1 and 2)[5]
- Financing:
- FID status:
- Associated infrastructure: Ulsan GPS power station
Background
A new LNG import terminal is under development in Ulsan, South Korea, sponsored by Korea National Oil Company, SK Gas, and MOL Chemical Tankers. The terminal will import 2.4 mtpa LNG, which will supply Ulsan GPS power station and a SK Multi Utility facility, as well as support LNG bunkering.[5]
The terminal will have six 215,000 m³ storage tanks, and as of November 2022, two are complete. 2022 is presumed to be the construction start year.[1]
As of April 2024, the terminal had received its first cargo and began commissioning. Commercial operations were expected to begin in Q2 2024.
Articles and resources
References
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 GIIGNL. The LNG Industry: GIIGNL Annual Report 2023. July 14, 2023.
- ↑ 2.0 2.1 2.2 "ULSAN LNG Terminal Project". ULSAN LNG Terminal Project. Retrieved 2023-08-29.
- ↑ 3.0 3.1 GIIGNL. The LNG Industry: Annual GIIGNL Report. June 2024.
- ↑ 4.0 4.1 SK Gas. LNG Terminal. Accessed August 2023.
- ↑ 5.0 5.1 5.2 "SK gas to enter LNG bunkering business through Korea Energy Terminal | Hellenic Shipping News Worldwide". www.hellenicshippingnews.com. Retrieved 2023-08-29.
