Petrobangla, Kuwait Petroleum lead global regasification capacity additions to 2022, says GlobalData
Wed, Apr 18, 2018 | By publisher
Oil & Gas
GLOBAL liquefied natural gas, LNG, regasification capacity is expected grow by 39.6 percent between 2018 and 2022, from 45.9 trillion cubic feet (tcf) in 2018 to 64.1 tcf in 2022. Among global companies, both Bangladesh Oil, Gas and Mineral Corp (Petrobangla) and Kuwait Petroleum Corporation lead in terms of capacity additions throughout 2018 and 2022, according to GlobalData, a leading data and analytics company.
Petrobangla and Kuwait Petroleum Corporation are expected to add 1.1 tcf to the global LNG regasification capacity by 2022. Kuwait Petroleum Corporation leads in terms of capital expenditure (capex) spending and has a proposed capex of $3.0bn to be spent on planned regasification projects between 2018 and 2022.
Al-Zour in Kuwait is the largest planned terminal globally in the forecast period with capacity of 1.1 tcf and also has the highest capex spending among the global LNG regasification terminals. It has a capex of $3.0bn.
Among regions, Asia and Europe lead in terms of both planned regasification capacity additions and capex spending. These two regions together contribute more than 65 percent of the global regasification capacity growth and about 75 percent of the global capex spending during the forecast period. Asia is expected to contribute about 12.6 tcf of the global regasification capacity through 65 projects, followed by Europe with 2.8 tcf of planned capacity additions through 15 projects.
Globally, India leads in terms of planned regasification capacity additions with 5.1 tcf followed by China with 2.5 tcf. In terms of capex spending, China leads with a proposed capex of $15.5bn, followed by India with $6.2bn.
Information based on GlobalData’s report: Semi-Annual Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals – Petrobangla and Kuwait Petroleum Lead Global Capacity Additions.
– Apr. 18, 2018 @ 18:28 GMT
AE
Related Posts
NNPC, Dangote Refinery Slash Petrol Prices to N899 Per Litre Amid Rising Competition
NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery and benefiting Nigerian consumers. The...
Read MoreFuel to sell at N935 per litre from Monday -IPMAN
THE Independent Petroleum Marketers Association of Nigeria (IPMAN), says the price of petrol will drop to N935 per litre by...
Read MoreNNPCL refutes allegation of shut down of Port Harcourt refinery
By Victoria Frances NIGERIAN National Petroleum Company Limited, NNPCL, has refuted reports that the Port Harcourt Refinery has been short...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.