Germany is expected to drive capacity growth in Europe’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects during the outlook period 2019 to 2023, contributing around 31% of Europe’s total growth, according to GlobalData.
The company’s report,‘LNG Regasification Industry Outlook in Europe to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Regasification Terminals’, reveals that Germany is expected to have new-build regasification capacity of 635 billion cubic feet (bcf) by 2023.
Following Germany, GlobalData identifies Spain as the second highest country in terms of regasification capacity growth in Europe adding a new-build regasification capacity of 339bcf by 2023. Spain’s El Musel terminal is expected to have the highest capacity among planned and announced terminals with 247bcf of capacity by 2023.
Croatia has no active regasification terminals currently. The country is expected to add all of its new-build 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 of 211.8bcf by 2023.