Global liquefied natural gas (LNG) regasification projects are expected to be led by Asia from 2022 to 2026, with India considered one of the main drivers with 21% of project starts, according to leading data and analytics firm GlobalData.
In its latest report, the company revealed that 20 LNG regasification projects with a total capacity of 3.4 tcf (trillion cubic feet) are set to come out of India between 2022 and 2026.
Around 40% of the upcoming regasification projects are considered likely to be in the approval stage and expected to start operations from 2022 to 2026, with feasibility and construction following with 35% and 20%.
Commenting on the report, Sudarshini Ennelli, Oil and Gas Analyst, GlobalData, said, “In India, 16 upcoming regasification would be new-build projects while the rest are expansion projects.”
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