GlobalData: China to lead small scale LNG liquefaction capacity in Asia
Published by Sarah Smith,
China is expected to dominate Asia’s small scale LNG liquefaction capacity additions, contributing approximately 99% of the capacity additions between 2022 and 2026, says GlobalData, a leading data and analytics company.
GlobalData’s report ‘Small Scale LNG Liquefaction Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and Cancellations) Projects, 2022–2026’ reveals that China is expected to witness a total capacity addition of 3 810 000 tpy, of which the entire capacity would be from new-build projects.
In China, six new-build small scale LNG liquefaction projects are likely to start operations by 2026, of which four are planned with identified development plans and the remaining two are early stage announced projects. Xi’an terminal is the largest new-build small scale LNG liquefaction project in the country, with a capacity of 1 400 000 tpy. It is followed by Jiaxing, with a capacity of 1 000 000 tpy.
Bhargavi Gandham, Oil and Gas Analyst at GlobalData, comments: “Low initial investment costs and the growing use of LNG as a vehicular fuel would drive the demand for small scale LNG liquefaction in the country."
GlobalData expects Bangladesh and Vietnam to contribute the remaining capacity additions in Asia by 2026. Bhola is the only terminal accounting for the entire small scale LNG liquefaction capacity of 30 000 tpy in Bangladesh. It is expected to start operations in 2024.
Ho Chi Minh is the only terminal accounting for the entire small scale LNG liquefaction capacity of 10 000 tpy in Vietnam. It is expected to start operations in 2022.
Read the article online at: https://www.lngindustry.com/liquefaction/06052022/globaldata-china-to-lead-small-scale-lng-liquefaction-capacity-in-asia/
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