China and India will significantly expand their LNG import infrastructure over the next five years with the pair, led by China, set to record the highest LNG regasification capacity additions in Asia.
Asia is expected to dominate global new build and expansion of liquefied natural gas (LNG) regasification capacity additions. The region will contribute about 74% of total global capacity additions by 2025, according to GlobalData.
The Philippines this week approved yet another proposed liquefied natural gas (LNG) import scheme as the country faces a looming gas supply crunch. However, the latest award, to AG&P, underscores the department of energyโs (DOEโs) lack of strategy for LNG imports in the power-hungry Southeast Asia nation.
Equatorial Guinea is pioneering developments in gas trading around West Africa with plans for a first regasification facility and political initiatives.