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Gwangyang LNG 2

Under construction

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