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


NPD: Delineation of the Hanz Field and Dry Wildcat Well in the North Sea - 25/10-16 S, A and C and 25/10-16 B

Aker BP ASA, operator of production licence 028 B, has concluded the drilling of appraisal wells 25/10-16 S, A and C on the Hanz field, as well as wildcat well 25/10-16 B drilled in production licence 915 just southeast of the Hanz field. The wells were drilled about 14 kilometres north of the Iv ...

OilVoice Press - OilVoice


Posted 2 hours agoPress > NPDNorwegian Petroleum DirectorateNorway +7

Tower Resources: South Africa Update – Farm-out Process

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its Algoa-Gamtoos licence in South Africa, in which the Company holds a 50% interest through its wholly owned subsidiary Rift Pe ...

OilVoice Press - OilVoice


Posted 2 hours agoPress > Tower ResourcesSouth AfricaOffshore +5

South Africa Update – Farm-out Process

Tower Resources plc (the "Company" or "Tower" (TRP.L, TRP LN)), the AIM-listed oil and gas company with its focus on Africa, is pleased to provide the following update on its Algoa-Gamtoos licence in South Africa, in which the Company holds a 50% interest through its wholly owned subsidiary Rift Pe ...

OilVoice Press - OilVoice


Posted 2 hours agoPress

Pemex and Block 7 Consortium Sign Pre-Unitization Agreement

MEXICO CITY, Sept. 21, 2018 /PRNewswire/ -- Petróleos Mexicanos (Pemex) and Talos Energy (NYSE:TALO), as operator of the Block 7 Consortium, are pleased to announce that Pemex and the international Block 7 Consortium (Talos Energy, Sierra Oil and Gas, and Premier Oil) have signed a Pre-Unitization ...

OilVoice Press - OilVoice


Posted 2 hours agoPress > PemexBlock 7Talos Energy +5

Transocean Norge to Drill for Equinor

Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up is scheduled for the summer of 2019. The rig has also been awarded a contract option for drilling four additional wel ...

OilVoice Press - OilVoice


Posted 3 hours agoPress > DrillingEquinorOffshore +8
All posts from oilvoice