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Scores recomputed 4 days ago

Boryeong LNG Terminal

Pre-FID✓ Source-checked

SK Innovation E&S (ex SK E&S) with Korea Midland Power (KOMIPO)

Project Overview

Country
South Korea
Region
South Korea
Capacity
Not published
Technology
SMR + CCS
Investment · scope not declared (EUR)
€1.4B

≈ $1.5B, converted at EUR_TO_USD = 1.08, fixed on 1 Jun 2026

Subsidy Status
—

Not modelled here

This project is not electrolytic hydrogen, so the LCOH engine cannot model it: there is no electrolyser capex, no kWh/kg of electricity and no stack to replace. GaugeH2 refuses the conversion rather than returning a number of the wrong shape. Catalogue technology: smr_ccs.

Not determinableChapter 8 · R46

RFNBO threshold by feedstock

This is a fossil route and the record does not state a capture rate. To fall below the RFNBO limit of 3.384 kg CO2e/kg H2 it would need at least 70.2 % capture. GaugeH2 does not know whether this project reaches it, and does not assume it.

Development Timeline

Announced2021
FID—
Construction—
Operational2028planned date

Readiness Score

0/ 100
Early Stage

Weighted checklist of public info. Not a prediction of success.

Development

✗Final Investment Decision+15
✗EPC Contract signed+10
✗Permits obtained+8
✗Grid connection secured+7

Commercial

✗Binding offtake agreement+15
✗MOU / offtake letter of intent+5
✗Confirmed price / tariff+5
✗Applied to government program+5

Financing

✗Project finance / debt secured+10
–Subsidy (not recorded)+0

Track Record

✗Developer has completed H2 project+5
✗Developer has completed RE project+3
✗Developer has energy experience+2