Asia Heads Up In Global LNG Regasification Capacity, Reports GlobalData

• GlobalData releases report on LNG regasification capacity.
• Asia contributes approximately 74% of the total global additions by 2025.

According to an article published in LNG Industry, Asia is expected to dominate the global new-build and expansion regasification capacity additions, contributing approximately 74% of the total global capacity additions by 2025, says GlobalData, a data and analytics company.

Asian Domination in Capacity Additions

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’, reveals that Asia is expected to witness the highest capacity additions globally from new-build and expansion projects during the outlook period 2021 to 2025 with 15.2 trillion ft³.

GlobalData Oil & Gas Analyst’s Comments

Bhargavi Gandham, Oil and Gas Analyst at GlobalData, comments: “China primarily drives the LNG regasification capacity additions in Asia by 2025. Among new-build 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 billion ft³ by 2025.”

Second Highest Contribution

GlobalData identifies Europe as the second highest contributor to the global LNG regasification capacity additions accounting for approximately 9% of the total additions by 2025. Brunsbuttel in Germany drives the new build LNG regasification capacity in the region with 282.4 billion ft³ by 2025.

Third Place in LNG Regasification 

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