{"id":22167,"date":"2022-06-27T09:30:00","date_gmt":"2022-06-27T08:30:00","guid":{"rendered":"https:\/\/www.engineernewsnetwork.com\/blog\/?p=22167"},"modified":"2022-06-24T10:19:12","modified_gmt":"2022-06-24T09:19:12","slug":"asia-to-continue-to-dominate-global-lng-regasification-capacity-additions-through-2026","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/asia-to-continue-to-dominate-global-lng-regasification-capacity-additions-through-2026\/","title":{"rendered":"Asia to continue to dominate global LNG regasification capacity additions through 2026"},"content":{"rendered":"\n

Asia is set to continue to dominate the global liquefied natural gas (LNG) regasification capacity additions, contributing around 75% of the total LNG liquefaction capacity additions between 2022 and 2026, forecasts GlobalData<\/a><\/strong>, the data and analytics company.<\/p>\n\n\n\n

GlobalData’s latest regasification industry report, LNG Regasification Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and Cancellations) Projects, 2022-2026,<\/em> reveals that Asia is expected to witness the highest capacity additions from new build and expansion projects during the forecast period, with 17.7 trillion cubic feet (tcf).<\/p>\n\n\n\n

Himani Pant Pandey, Oil & Gas Analyst at GlobalData, comments: “China is expected to drive the LNG regasification additions in Asia through 2026 due to the ever-growing demand for natural gas from both industrial and residential sectors. A total of 27 new build and expansion projects are expected to start operations during the forecast period in China. Tangshan II is the largest upcoming project in the country, with a capacity of 584.4 bcf by 2026.”<\/p>\n\n\n\n

GlobalData identifies Europe as the second-highest contributor to the global LNG regasification capacity additions, accounting for around 16% of the total additions by 2026. Stade in Germany will drive the new build LNG regasification capacity in the region, with 469.5 bcf by 2026.<\/p>\n\n\n\n

Africa ranks third globally, contributing roughly 3% of the global LNG regasification capacity additions during the forecast period. Jorf Lasfar in Morocco is the largest upcoming regasification terminal in the region, with a capacity of 247.1 bcf by 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"

Asia is set to continue to dominate the global liquefied natural gas (LNG) regasification capacity additions, contributing around 75% of the total LNG liquefaction capacity additions between 2022 and 2026, forecasts GlobalData, the data and analytics company. 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