GlobalData’s latest report, ‘Global LNG Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Terminals’ says that the global regasification capacity increased from 38,015 billion cubic feet (bcf) in 2015 to 46,458bcf in 2020 at an AAGR of 4.0%. It is expected to increase from 46,458bcf in 2020 to 68,292bcf in 2025 at an AAGR of 7.7%.
Japan, the US, South Korea, China and Spain are the major countries that accounted for 61.9% of the total regasification capacity of the world in 2020.
Japan had the highest regasification capacity globally in 2020 with 10,081bcf. Other key countries in terms of regasification capacity were the US, South Korea, China and Spain with 6,481bcf, 5,263bcf, 4,751bcf, and 2,188bcf, respectively. China witnessed the highest capacity growth during 2015-2020 with an AAGR of 10.1% among the key countries, followed by South Korea and Japan with 1.8% and 0.6%, respectively.
Globally, 44 countries had active regasification terminals with a total regasification capacity of 46,458bcf in 2020. Incheon (South Korea), Pyeongtaek (South Korea) and Sodegaura (Japan) were the largest regasification terminals in the world in terms of the regasification capacity in 2020.
By 2025, 95 new regasification terminals are expected to commence operations globally. Al-Zour (Kuwait), Tangshan II (China), Seomkum (South Korea), Yantai I (China) and Port Qasim (Pakistan) are some of the largest upcoming regasification terminals in the world during the outlook period 2021-2025.
