India to account for 21% of Asia-Pacific LNG regasification capacity by 2025

India is expected to account for about 21%, some 3,428bn cf, of the Asia-Pacific region’s total LNG regasification capacity additions by 2025, according to the latest analysis from GlobalData.

Of this, 3,062bn cf of capacity is expected to come from newbuild terminals, with the balance from the expansion of existing regasification terminals.

Teja Pappoppula, Oil and Gas Analyst, GlobalData, comments: ‘Most of the capacity additions in India are through newbuild projects, with the announced Kakinada GBS floating terminal being the largest with a capacity of 351bn cf. The Crown LNG India-operated terminal is expected to become operational in 2024.’

The Hazira expansion regasification terminal accounts for most of the expansion capacity additions in India, with 244bn cf of capacity expected to be added by 2025.

The third highest contributor in the country is H-Energy Gateway’s planned Jaigarh Port floating terminal, which is likely to add 274bn cf of capacity in 2021.