Regasification

LNG import capacity in the EU and the UK will expand by 34% by 2024 compared with 2021 according to GIIGNL and trade press data.

According to GlobalData, India and China will drive the LNG regasification capacity additions in Asia between 2022 and 2026, as the two countries step up imports of natural gas to reduce carbon emissions.

China is set to register the highest LNG regasification capacity additions in Asia between 2022 –2026, accounting for a share of roughly 34% of the region’s total capacity additions by 2026.

India is set to register the second highest LNG regasification capacity additions in Asia between 2022 and 2026, accounting for approximately 21% of the region’s total capacity additions by 2026.

OLT Offshore LNG Toscana has announced the launch of the consultation on the proposal to amend the Regasification Code.

Eni has begun providing additional volumes of LNG to the regasification terminal of Panigaglia ahead of the 2022 – 2023 winter.

COBRA and SENER have signed an EPC contract with German LNG Terminal GmbH for the regasification terminal, located in Brunsbüttel.

PGNiG has secured a regasification capacity at the Lithuanian LNG terminal.

The JV has been named Energos Infrastructure (Energos), and is owned approximately 80% by Apollo-managed funds and 20% by NFE.

The MoU is related to the development of the private regasified LNG sector in Pakistan, which is designed to enhance Pakistan’s energy security.

Stade will be the site of one of the four floating LNG terminals – so-called FSRUs – chartered by the Federal Government of Germany.

The companies have completed the acquisition of Enagás and OMERS Infrastructure’s respective stakes of the LNG regasification terminal, representing 80% of the GNL Quintero share capital.

Overgas will purchase up to 1.0 billion m3/y of regasified LNG for 10 years from Excelerate Energy.

BW Singapore, built in 2015, has a maximum storage capacity of approximately 170 000 m3 of LNG and a nominal continuous regasification capacity of approximately 5 billion m3/y.

Asia is set to continue to dominate the global LNG regasification capacity additions, contributing approximately 75% of the total LNG liquefaction capacity additions between 2022 and 2026.