China is set to dominate the liquefied natural gas (LNG) regasification capacity additions in Asia, contributing around 34% of the region’s capacity additions by 2027, according to GlobalData.
The company’s latest report finds that China is set to add a capacity of 5.7 trillion cubic feet (tcf) from projects that have already received necessary approvals.
Further still, it will add 2.1 tcf from projects that are in the conceptual study stage and are yet to be approved, GlobalData says.
Ever-growing natural gas demand is cited as driving the capacity additions.
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