28 January 2018, Sweetcrude, Lagos — Analysis of the European Union (EU) regasification market shows that Spain has the highest liquefied natural gas (LNG) regasification capacity in the EU with 2,232 billion cubic feet (bcf). France and the Netherlands follow with 1,209 bcf and 565 bcf, respectively, according to GlobalData, a leading data and analytics company.
Presently, Spain accounts for 39 percent of the total LNG regasification capacity in the EU. The country has six active LNG regasification terminals. The country is expected to add a capacity of 92 bcf from two planned and announced LNG regasification terminals during 2018 to 2021.
France has 21 percent share in the total EU regasification capacity in 2018. The country has four active terminals. Presently there are no planned and announced projects that would start operations during 2018 to 2021.
The Netherlands contributes about 10 percent of the EU LNG regasification capacity. The country has only one active LNG regasification terminal. Currently, there are no planned and announced projects that would start operations during 2018 to 2021.
Matthew Jurecky, Energy Analyst at GlobalData, comments: “The fourth major contributor to the EU LNG regasification capacity in Italy with 538 bcf, contributing about 9 percent of the total. The country has three active terminals. The country would add a capacity of 950 bcf from five planned and announced LNG regasification terminals during 2018 to 2021.”
Belgium is the fifth largest contributor to the EU LNG regasification with a capacity of 318 bcf, contributing about 6 percent of the total EU regasification capacity in 2018. The country has only one active terminal. Presently there are no planned and announced projects that would start operations during 2018 to 2021.
Jurecky continues: “Portugal accounts for 5 percent of the LNG regasification capacity in the EU with 278 bcf in 2018. The country has only one active terminal. At present, there are no planned and announced projects that would start operations during 2018 to 2021.”
Greece, Poland, Lithuania, and Sweden account for 9 percent of the LNG regasification capacity in the EU with a cumulative 584 bcf in 2018. Greece, Poland and Sweden are expected to collectively add a capacity of 512 bcf from three planned and announced terminals during the period 2018 to 2021.