Asia is expected to contribute about 74% of the total global LNG regasification capacity additions by 2025, according to GlobalData.
The company’s report,‘Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 - Asia Dominates Global Regasification Capacity Additions and Capex Spending’, claimed that Asia is expected to witness the highest capacity additions globally from newbuilding and expansion projects between 2021 and 2025 with 15.2 trill cu ft.
Bhargavi Gandham, GlobalData’s Oil and Gas Analyst, commented: “China primarily drives the LNG regasification capacity additions in Asia by 2025. Among newbuild and expansion projects expected to start operations during 2021 to 2025 in China, the Tangshan II terminal is expected to witness the highest capacity additions in the country with 584.4 bill cu ft by 2025.”
Europe is expected to be the second highest contributor to global LNG regasification capacity additions, accounting for about 9% of the new capacity by 2025. Brunsbuttel in Germany will drive the newbuild LNG regasification capacity in the region with 282.4 bill cu ft by 2025.
The Middle East comes in third contributing about 7% of world’s LNG regasification capacity additions. Here, Kuwait’s Al-Zour will drive the newbuild regasification additions in the region with 1,155 bill cu ft by 2025, GlobalData said.