January 11, 2024

Liquefied natural gas (LNG) regasification capacity vs actual, by country, for 2022.

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  • As of April 2023, global regasification capacity grew by 25 mtpa to 970 mtpa across 48 markets, up from 39 countries just a few years ago.
  • Germany has committed to building 5 new import terminals to end their reliance on Russian pipeline gas. The first terminal, a Floating Storage & Regasification Unit (FSRU) in the north, opened in Dec. 2022 and took under 10 months to construct.
  • Japan has the largest regasification capacity at 218 mtpa (28 Bcf/d), followed by South Korea at 140 mtpa (18 Bcf/d) and China at 100 mtpa (13 Bcf/d).
  • Combined, these 3 countries account for almost half of global regasification capacity.
  • Utilization rates for global regasification facilities in 2022 was about 40%.
  • European regasification utilization jumped to 65%, up from 40% in 2021.
  • As of April 2023, 220 mtpa of new regasification capacity is under construction worldwide, including 26 new onshore terminals, 16 new floating-based terminals and 17 expansion projects.

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