India LNG news

Emma Richards, Fitch Solutions, provides an outlook for the global LNG market.

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.

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.

According to GlobalData, India is anticipated to be one of the primary countries to drive Asia’s LNG regasification projects count by 2026, contributing approximately 21% of projects.

NYK has signed a multi-year time-charter agreement with GAIL (India) Limited for an LNG carrier.

The company’s report states that India could account for 21% of APAC LNG regasification capacity by 2025.

The company has been awarded the engineering, procurement, and construction management of two LNG fuelling stations in India.

The Petroleum and Explosives Safety Organization has certified Trelleborg’s mooring system, meaning it is compliant with Indian laws and regulations that govern the operation of LNG facilities.

The company has won a contract for the engineering, procurement, construction, and commissioning of two LNG storage tanks at the Dahej Expansion Project in Dahej, Gujarat, India.

EIA discusses the Global LNG market in 2020 and ‘The LNG Industry: GIIGNL Annual Report 2021’ released by the International Group of Liquefied Natural Gas Importers.