Incheon LNG Terminal

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Incheon LNG Terminal is an operating LNG import terminal in South Korea.

Location

Table 1: Location details

Name Location Coordinates (WGS 84)
Incheon LNG Terminal Incheon, Seoul Capital Area, South Korea 37.35124, 126.602 (exact)

The map below shows the exact location of the terminal:

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year
Name Facility type Status Capacity Total terminal capacity Offshore Associated infrastructure
Incheon LNG Terminal import[1] operating[2] 54.5 mtpa[1] 54.5 mtpa False –

Table 3: Cost

Name Facility type Cost Total known terminal costs
Incheon LNG Terminal import[1] – –

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward
Name Facility type Status Proposal year FID year Construction year Operating year Inactive year
Incheon LNG Terminal import[1] operating[2] – – – 1996[2] –

Ownership

Table 5: Ownership

Name Facility type Status Owners Parent companies Operator
Incheon LNG Terminal import[1] operating[2] KOGAS Canada Ltd [100%] Korea Gas Corp [100.0%] –

Background

Incheon LNG Terminal is an LNG import terminal in Seoul Capital Area, South Korea. It has a nameplate capacity of 40 mtpa, but this has increased over the years after a series of capacity expansions, and as of 2025 is estimated to be around 55 mtpa[3][4][5]. Incheon first started operations in October 1996. It is owned and operated by KOGAS, which owns the entire transmission network and has a monopoly on wholesale gas sales in South Korea.[6][7][8]

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. ↑ 1.0 1.1 1.2 1.3 1.4 (PDF) https://giignl.org/wp-content/uploads/2024/06/GIIGNL-2024-Annual-Report-1.pdf. {{cite web}}: Missing or empty |title= (help)
  2. ↑ 2.0 2.1 2.2 2.3 https://www.offshore-technology.com/marketdata/incheon-lng-regasification-terminal-south-korea/. {{cite web}}: Missing or empty |title= (help)
  3. ↑ "https://cdn.prod.website-files.com/67bdb9fc993751711c5f54fd/67d40f9112efb57309cae007_GIIGNL-2022-Annual-Report.pdf" (PDF). {{cite web}}: External link in |title= (help)CS1 maint: url-status (link)
  4. ↑ "GIIGNL Annual Report". www.giignl.org. Retrieved 2026-05-07.
  5. ↑ IEEFA (2023). "South Korea's LNG Overbuild" (PDF). IEEFA.{{cite web}}: CS1 maint: url-status (link)
  6. ↑ Incheon LNG Terminal, GEO, accessed April 2017
  7. ↑ "Incheon - LNG regas terminal," Wood MacKenzie, accessed August 2017
  8. ↑ "World LNG report," IGU, 2017