BAKU, Azerbaijan, July 6. It is expected that FSRUs will increasingly be used to meet gas demand in smaller markets, Trend reports with reference to the International Gas Union (IGU).
“Around 49.8 MTPA of net regasification capacity was added globally in 2021, compared to 19 MTPA added in the previous year. At the beginning of 2021, we expected 81 MTPA of import capacity under construction to be commissioned by the end of the year. A large share of this included terminals that faced COVID-19-induced disruptions to construction schedules. Quite a few terminals in China were eventually able to start operations in 2021. Net capacity addition during the year was considerably higher than the average net addition of 26 MTPA in the last five years. The number of global LNG importers has increased consistently over the past decade, and a similar trend was observed in 2021, as Croatia commissioned its first LNG import terminal on Krk Island, with the deployment of an FSRU in January 2021. The FSRU market has seen significant growth over the last few years, as they involve a relatively lower capital expenditure and construction time,” reads the report released by IGU.
The report reveals that five new import terminals started operations in 2021, with a combined regasification capacity of 23.6 MTPA. Two of these are onshore regasification facilities in Kuwait (Al-Zour) and Mexico (Pichilingue). The Al-Zour LNG import facility, the first of its kind in Kuwait, faced delays in construction due to the COVID-19 pandemic. It received its first cargo from Qatar in July 2021, delivered by Nakilat’s Al Kharsaah LNG carrier.
“FSRUs started operations in Turkey in June and in Brazil in December of 2021, respectively. The Ertugrul Gazi, built by Hyundai Heavy Industries and chartered by Botas, started operations at the Dortyol LNG terminal in Turkey. It is one of the FSRUs with the highest sendout capacities in the world, with a regasification capacity of 7.5 MTPA. At the Bahia regasification terminal in Brazil, Excelerate Energy started operations using the Excelerate Sequoia, with a regasification capacity of 5.4 MTPA, and 173,400 cubic metres of LNG storage. Petrobras, which was originally operating the terminal, signed a contract to lease it to Excelerate through a competitive international tender process. Brazil’s regasification capacity is comprised entirely of FSRUs, with only one planned onshore facility which is expected to come online in 2025,” reads the report.
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