GlobalData: India and China to drive Asia LNG regasification capability additions by 2026

GlobalData’s report, ‘LNG Trade (Liquefaction and Regasification) Capability and CapEx Forecast by Area and Nations, All Energetic Vegetation, Deliberate and Introduced Initiatives, 2022 – 2026’, reveals that Asia is anticipated to witness the very best regasification capability additions of 19.6 trillion ft3 from new construct and enlargement initiatives throughout the outlook interval. Of this, 16.8 trillion ft³ capability is anticipated to come back from new construct initiatives and the remaining from the enlargement of the prevailing initiatives.

Himani Pant Pandey, Oil and Fuel Analyst at GlobalData, commented: “Among the many fossil fuels, pure gasoline emerged as the brilliant spot as it’s seen as a comparatively clear possibility and may act as a bridge gas to steer the power transition. Subsequently, international locations reminiscent of China and India are more and more importing LNG to fulfill their carbon-neutral objectives and scale back emissions.”

Tangshan II is the biggest upcoming regasification terminal in China. Anticipated to start operations in 2022 with an preliminary regasification capability of 341 billion ft³, the terminal is probably going improve its capability to 584 billion ft³ by 2026. Caofeidian Xintian LNG is the operator of the terminal.

In India, Jaigarh Port terminal is the biggest upcoming LNG regasification challenge with a capability addition of 390 billion ft³ by 2026. To be operated by H-Power, the terminal is anticipated to begin operations in 2025.

Learn the article on-line at: https://www.lngindustry.com/regasification/21112022/globaldata-india-and-china-to-drive-asia-lng-regasification-capacity-additions-through-2026/