LNG Regasification by Country 2022

January 11, 2024

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

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.