Gwangyang LNG 2
Under constructionSouth Korea·Regasification (Import)
Project Details
CountrySouth Korea
LocationSouth Jeolla
Terminal TypeRegasification (Import)
Rig TypeOnshore
Capacity2.1 mtpa / 2.9 bcm
Trains—
Start Date01-Jan-2026
Cost (US$bn)0.67
Origin—
Destination—
OwnersPOSCO [Operator] {South Korea}
Buyers—
Status Notes
December 2025 - The project is expected to be operational in 2026; January 2024 - Construction on the project commenced in November 2022; Project Cost - KRW1.05trn
Last reviewed: 06 Feb 2026