Opinion

Petrobangla and Kuwait Petroleum Lead Global Regasification Capacity Additions to 2022, Says GlobalData


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.

PR1515

IMAGE FOR PUBLICATION: Please click here for enlarged chart

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


Visit source site

https://energy.globaldata.com/media-center/press-r...

Kuwait Petroleum CorporationKuwait PetroleumKuwaitPetrobanglaGlobalDataAPLNGLiquified Natural GasBangladesh

More items from oilvoice


i3 Energy - 30th Offshore Licensing Round Award

30th Offshore Licensing Round Award  Material Growth in Resource Base to 80 MMBO  i3 Energy plc, an independent oil and gas company with assets and operations in the UK is pleased to announce it has been awarded its sole 30th Offshore Licensing Round application target, Block 13/23c 123 km2, on a ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > i3 EnergyLiberator field

Empyrean Energy - Dempsey to produce commercial gas flows at ~1,200 mcf per day

  Dempsey to produce commercial gas flows at ~1,200 mcf per day  Represents combined gas flow rate from Field Level Intervals and from Zones 2, 3 and 4  Dempsey will generate cash flow from this production very shortly  Multiple options being pursued to further develop Dempsey well and field r ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > Empyrean Energygas flowsDempsey Gas Well

Faroe Petroleum - Brasse East Well Commitment

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the commitment by the PL740 Brasse Joint Venture partners (Faroe 50% and operator and Point Resources 50%) to drill the Brass ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > Faroe Petroleum

Bowleven - Etinde Operational Update - Spud of IM-6 well, Etinde, Cameroon

Etinde Operational Update  Spud of IM-6 well, Etinde, Cameroon  Bowleven, the Africa focused oil and gas company traded on AIM, is pleased to announce the spud on 21 May 2018 of the IM-6 appraisal well at the Etinde block, Cameroon, by the block's operator, New Age Cameroon Offshore Petroleum S ...

OilVoice Press - OilVoice


Posted 1 day agoPress > BowLevenCameroon

SDX Energy - Result of Kelvin-1X exploration well, Egypt

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announces that the Kelvin-1X exploration well at South Disouq, Egypt (SDX 55% working interest and operator) has been drilled to a total depth of 8075 feet, encountering 606 net feet of high quality reservoir interval i ...

OilVoice Press - OilVoice


Posted 1 day agoPress > SDX EnergyEgypt
All posts from oilvoice