BAKU, Azerbaijan, July 6. Regasification capacity additions can be anticipated in established markets as well as new import markets, Trend reports with reference to the International Gas Union (IGU).
“Global regasification capacity has reached 901.9 MTPA as of April 2022, following capacity additions of 49.8 MTPA in 2021, and 4.3 MTPA in the first four months of 2022. Five new regasification terminals started commercial operations, and five expansion projects at existing terminals were successfully completed last year. New terminals started operations in Indonesia, Croatia, Turkey, Kuwait and Mexico, adding 23.6 MTPA of regasification capacity in 2021, while China and Japan expanded regasification capacity at existing facilities. In China, some terminals that faced COVID-19- related delays in 2020 became operational in 2021,” reads the latest IGU report.
As of April 2022, 40 markets are equipped with LNG receiving capabilities.
“Regasification capacity additions can be anticipated in established markets as well as new import markets. The only new market that joined the ranks of LNG importers in 2021 was Croatia, with operations starting at the Krk LNG terminal. As of April 2022, 164.8 MTPA of new regasification capacity is under construction, including 19 new onshore terminals, 12 floating storage and regasification units (FSRUs) and 13 expansion projects at existing terminals. By year-end 2022, 80.4 MTPA of additional capacity is set to come online through newbuild terminals and expansion projects at existing terminals. This includes new importers such as Ghana, Senegal and the Philippines,” say IGU experts.
The report reveals that as of April 2022, floating and offshore regasification capacity worldwide stands at 142.6 MTPA with 32 operational terminals.
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