India is likely to start the operations of 118 midstream oil and gas projects from 2021 to 2025, accounting for 35% of the total upcoming midstream project starts in Asia by 2025, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Global Midstream New Build and Expansion Projects Outlook, 2021-2025 – Transmission .
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China is expected to lead the global LNG regasification capacity additions, contributing 27% of the total LNG regasification capacity additions between 2021 and 2025, says GlobalData, a data and analytics company.
The company’s report, ‘Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 - Asia Dominates Global Regasification Capacity Additions and Capex Spending’ reveals that China is expected to add a new-build LNG regasification capacity addition of 4191 billion ft
3 by 2025, while expansion projects account for the rest with 1308 billion ft
3.
Bhargavi Gandham, Oil and Gas Analyst at GlobalData, comments: “In China, 26 new-build and expansion projects are likely to start operations by 2025. Tangshan II is the largest upcoming project in the country with a capacity of 584.4 billion ft
India to account for one third of oil and gas project starts in APAC
DUBAI, 1 days ago India is likely to witness an operational commencement of 647 oil and gas projects during 2021 to 2025, accounting for 33% of the total upcoming project starts across the value chain in the Asia-Pacific (APAC) region. GlobalData’s report, ‘Asia Pacific Oil and Gas Projects Outlook to 2025 - Development Stage, Capacity, Capex and Contractor Details of All New Build and Expansion Projects’, reveals that out of 647 projects to commence operations by 2025, upstream projects would be 80, midstream would be at 123, refinery at 85, and petrochemicals would be the highest with 359 projects.