Data and analytics company GlobalData has revealed that India is to take a leading role in liquefied natural gas (LNG) regasification in the APAC region, contributing around 21% of the region’s total LNG regasification capacity additions by 2025.
GlobalData’s report, ‘Global LNG Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Terminals’, showed that India could see 3,428bn cubic feet (bcf) of LNG regasification capacity additions.
The majority of the capacity would be from new-build terminals, while the remainder will be from the expansion of existing regasification terminals.
“Most of the capacity additions in India are through the new build projects with the announced Kakinada GBS Floating terminal being the largest with a capacity of 351 bcf,” said Teja Pappoppula, Oil and Gas Analyst, Global Data.
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