GlobalData: India to see second highest LNG regasification capacity additions in Asia through 2026

GlobalData’s report, ‘LNG Industry (Liquefaction and Regasification) Capacity and Capital Expenditure (CAPEX) Forecast by Region and Countries, All Active Plants, Planned and Announced Projects, 2022 – 2026’, reveals that India is likely to witness total LNG regasification capacity additions of 4174 billion ft³ by 2026. Out of this, 3589 billion ft³ of capacity is likely to come from the new build terminals, while the remaining is from the expansion of the existing regasification terminals.

Himani Pant Pandey, Oil and Gas Analyst at GlobalData, commented: “In India, a significant part of the capacity additions will be through new build projects, with the announced Jaigarh Port terminal being the largest among them with a capacity of 390 billion ft³. To be operated by H-Energy, the terminal is expected to become operational in 2025.”

The second largest contributor among the new build projects in the country is the Kakinada GBS floating terminal, which is likely to add a capacity of 351 billion ft³ by 2024. The Crown LNG India AS is the operator of the announced regasification terminal.

With a capacity of 244 billion ft³, the Hazira Expansion regasification terminal will be the biggest contributor to India’s LNG regasification capacity additions among the expansion projects, GlobalData states. It is expected to come online by 2025.

Read the article online at: https://www.lngindustry.com/regasification/01112022/globaldata-india-to-see-second-highest-lng-regasification-capacity-additions-in-asia-through-2026/