Ulsan LNG Terminal

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

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Ulsan LNG Terminal is a liquefied natural gas (LNG) terminal under construction in South Korea.

Location

The terminal is proposed to be located in Ulsan, South Chungcheong, Korea.

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Project details

• Operator: Korea Energy Terminal (KET)

• Owner: Korea National Oil Company, SK Gas, MOL Chemical Tankers

• Parent company: Korea National Oil Company, SK Gas, MOL

• Location: Ulsan, South Chungcheong, Korea.

• Coordinates: 35.501837, 129.396566 (approximate)

• Capacity: 2.4 mtpa

• Status: Construction

• Type: Import

• Start year: 2024

• Cost: 1.2 trillion won (US$919 million)

• 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.

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.