Northeast Asia LNG Hub Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Northeast Asia LNG Hub Terminal, also known as Hanyang LNG Terminal, is an in-construction LNG import terminal in South Korea.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Northeast Asia LNG Hub Terminal | Myodo, South Korea[1] | 34.871552, 127.712685 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Northeast Asia LNG Hub Terminal | import[1][2] | construction[2] | 3 mtpa[3] | 3.0 mtpa | False | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Northeast Asia LNG Hub Terminal | import[1][2] | US$1,120,000,000 (1,400,000,000,000 KRW)[3] | US$1,120,000,000 |
Table 4: Financing
| Name | Facility type | Financing |
|---|---|---|
| Northeast Asia LNG Hub Terminal | import[1][2] | In April 2025, the securing of a US$815 million (1.1 trillion South Korean won) project finance loan was announced by Hanyang. Ten institutions, including Shinhan Bank and Industrial Bank of Korea, participated as lenders in the finance deal for the project.[3][4][5][6] |
Table 5: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Northeast Asia LNG Hub Terminal | import[1][2] | construction[2] | – | – | 2024[2] | 2027[1][2][2] | – |
Ownership
Table 6: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Northeast Asia LNG Hub Terminal | import[1][2] | construction[2] | Northeast Asia LNG Hub Terminal Co Ltd [100%][2] | Hanyang Group [60.0%]; GS Holdings Corp [40.0%] | – |
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.[7]
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.[8]
In March 2024, Hanyang announced that it would collaborate with GS Energy on the facility, and that construction had begun.[9]
In April 2025, the securing of a US$815 million (1.1 trillion South Korean won) project finance loan was announced by Hanyang. Ten institutions, including Shinhan Bank and Industrial Bank of Korea, participated as lenders in the finance deal for the project. According to an official at the Northeast Asia LNG Hub Terminal: "This project is significant in that it is the largest and first [project finance] loan agreement among the regional revitalization investment funds selected by the Ministry of Strategy and Finance through investment with the Korea Development Bank ... It seems that the participation of the [project finance] major companies was high by securing repayment stability through special [project finance] guarantees for regional revitalization by the Korea Housing & Urban Guarantee Corporation."[10][11][12][13]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 http://english.hani.co.kr/arti/english_edition/e_business/931110.html.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 https://www.mk.co.kr/en/realestate/10975435.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 https://biz.chosun.com/en/en-realestate/2025/04/28/4NCQP3FXXJCOTKN2JHN2AW7OEA/.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.mk.co.kr/en/realestate/11304777.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.mk.co.kr/en/business/11303483.
{{cite web}}: Missing or empty|title=(help) - ↑ https://lngprime.com/asia/south-korean-lng-terminal-secures-815-million-loan/151541/.
{{cite web}}: Missing or empty|title=(help) - ↑ Hanyang Corporation plans to convert Yeosu into “LNG hub” in NE Asia, Hankyoreh, March 4,2020
- ↑ KED Global. "Hanyang, Linde to inject $800 mn for hydrogen cluster in Korea - KED Global". KED Global. Retrieved 2023-08-29.
- ↑ "Hanyang announced on the 27th that it has signed an agreement between shareholders with GS Energy to.. - MK". 매일경제. 2024-03-27. Retrieved 2024-09-04.
- ↑ Jo Eun-im, Northeast Asia LNG hub secures 1.1 trillion won loan for terminal development, ChosunBiz, Apr. 28, 2025
- ↑ Park Jaeyoung, The Northeast Asia LNG Hub Terminal development project, Maeil Business Newspaper, Apr. 29, 2025
- ↑ Cho Sungshin, Northeast Asia LNG Hub Terminal announces project finance loan agreement, Maeil Business Newspaper, Apr. 28, 2025
- ↑ South Korean LNG terminal secures $815 million loan, LNG Prime, May 20, 2025
