China’s LNG regasification terminals face the structural contradiction of excess processing capacity and low utilization rates under the“Dual Carbon”goals, with a significant gap between feasibility study projections and actual post-commissioning operational performance. Using the Sinopec HY Terminal as a case study, this paper constructs a novel five-dimensional synergy framework —integrating cost control, market development, facility sharing, bonded operations, and business format innovation —based on resource constraint theory and industrial chain synergy. Employing the Delphi method for the first time, it assigns specific weights to each dimension (37%, 30%, 17%, 10%, and 6% respectively). Empirical analysis using Activity-Based Costing and dynamic breakeven point modeling demonstrates this framework’s effectiveness: the breakeven point can be reduced by 46%, throughput increased by 47%, with significant improvements in both facility utilization and revenue diversification. This study provides theoretical insights and empirical evidence for addressing the “feasibility- operation”gap in LNG terminals, offering practical guidance for enhancing the profitability of underutilized terminals.
Gong et al. (Mon,) studied this question.