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Germany to drive European LNG regasification capacity growth
Germany is set to have 635bn cf of newbuild LNG regasification capacity, contributing 31% of Europe’s capacity growth by 2023, according to GlobalData.
Wilhelmshaven Floating and Brunsbuttel are the two upcoming announced regasification terminals in Germany during the 2019 to 2023 period. Both are expected to start operations in 2022, with the Wilhelmshaven Floating terminal expected to add the highest regasification capacity of 353bn cf by 2023.
Following Germany, GlobalData identifies Spain as the second highest country in terms of regasification capacity growth in Europe, adding a newbuild regasification capacity of 339bn cf by 2023. Spain’s El Musel terminal is expected to have the highest capacity among planned and announced terminals, with 247bn cf of capacity by 2023.
Meanwhile, Croatia has no active regasification terminals currently. The country is expected to add all of its newbuild capacity growth from two planned regasification terminals, Croatia Floating and Hrvatska, by 2023. Of these, the Hrvatska terminal is expected to have the highest regasification capacity, some 211.8bn cf.
Figure 1: Planned and announced LNG regasification capacity growth in Europe, in bn cf, 2019–2023
Source: GlobalData
News Item details
Journal title: Petroleum Review
Region: Europe
Countries: Germany -
Subjects: Liquefied natural gas, LNG Terminals, LNG markets, Forecasting
