India holds 20% of Asia Pacific's regasification capacity

02 Apr 2024 CW Team

India, the fourth-largest importer of liquefied natural gas (LNG) in the world, is in the process of expanding its natural gas infrastructure by incorporating an additional 24 million tonnes per annum (mtpa) of capacity, which represents approximately 20 percent of the total regasification capacity being added in the Asia Pacific region.

According to the latest annual report of the Gas Exporting Countries Forum (GCEF), it was stated that India would emerge as the largest growth market for natural gas globally in the next decade, while China would hold the top position until 2030.

The GECF report highlighted that in 2022, the Asia-Pacific region possessed approximately 566 MTPA of regasification capacity, with a significant portion of 82 percent concentrated mainly within the JKT (Japan, South Korea, Chinese Taipei) group, comprising 64 percent, and China with 18 percent. The remaining 18 percent was contributed by South and Southeast Asia.

Of these countries, Japan led with 210 mtpa, followed by South Korea (139 mtpa), China (100 mtpa), and India (40 mtpa).

It was mentioned that in 2022, construction activities were ongoing for approximately 121 mtpa of regasification capacity in the Asia Pacific region, with China (74 mtpa) and India (24 mtpa) taking the lead. China represented about 60 percent of the capacity under construction, while India was responsible for roughly 20 percent of the ongoing development of regasification infrastructure.

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