Ranking
Who co-owns LNG terminals
Pairs of companies that Global Energy Monitor lists as owners of the same terminal unit, and the companies with the most partners. A record of who appears together, not of how large each stake is.
What counts as a partnership here
283 of 1,181 units with an owner on record (24%) name more than one owner, at 196 of 793 terminals. Two companies are partners when they are named as owners of the same unit, in any status. Percentages are ignored, because most are not reported, and no capacity is assigned to a pair.
The pair table counts terminals and units they share; the number of a company’s partners is a count of distinct names, not a measure of influence. A company and its own subsidiary appear as partners when the tracker lists both.
Pairs that share the most terminals
The 40 pairs named together on the most terminals. Pairs tied on terminals are ordered by shared units.
Companies with the most partners
Distinct companies named as a co-owner of at least one unit, counted once each. “Links” adds up the terminals shared with each partner, so a terminal with several partners counts several times.
| Company | Different partners | Links |
|---|---|---|
| Shell | 46 | 59 |
| ExxonMobil | 41 | 52 |
| TotalEnergies | 41 | 60 |
| Mitsui & Co. | 29 | 36 |
| Mitsubishi Corp | 25 | 30 |
| Chevron | 24 | 26 |
| KOGAS Canada Ltd | 20 | 24 |
| ITOCHU Corp | 18 | 18 |
| Woodside Energy | 18 | 21 |
| BP | 17 | 24 |
| Eni | 16 | 18 |
| Osaka Gas Co Ltd | 16 | 16 |
| CNPC | 15 | 18 |
| JERA | 15 | 17 |
| QatarEnergy | 15 | 23 |
| ConocoPhillips | 13 | 15 |
| Empresa Nacional de Hidrocarbonetos EP | 13 | 17 |
| Equinor ASA | 12 | 16 |
| MidOcean Energy LLC | 12 | 13 |
| Petroliam Nasional Bhd | 12 | 19 |
Each company page lists its own co-owners. For capacity attributed by percentage see the owners ranking; for where the companies are headquartered see capacity by owner country.
Common questions
Each answer stands on its own.
- Which two companies co-own the most LNG terminals?
- ExxonMobil and QatarEnergy, listed together as owners of units at 5 terminals (8 units, 3 of those terminals with an operating unit they share). The tracker lists co-owners; it does not say how the stake is split in most cases.
- Which company has the most partners?
- Shell, with 46 different co-owners across 59 shared terminal links. A partner is any company named as an owner of the same unit; it says nothing about the size of either stake.
- How common are joint ventures in LNG?
- 283 of the 1,181 units with an owner on record (24%) list more than one owner, across 196 of 793 terminals with an owner. Many other units are held through a single owning company that is itself a joint venture, which this count does not see.
- Are a company and its subsidiary counted as partners?
- Yes, where the tracker names both as owners of the same unit, because the page reports the record and does not decide which companies are really independent. A subsidiary and its parent can therefore appear as a pair.
Cite this page
Reuse is welcome; please name the page and the tracker release it draws on.