Global LNG regas project tracker H1 2021: LNG-to-power projects create new demand

A turbulent year in 2020 has pushed back final investment decisions (FIDs) on both construction of new regas terminals and expansion projects at existing terminals. Consequently, more regas capacity is expected to be sanctioned in 2021 than in 2020. However, record high spot prices over the 2020/2021 winter period has emphasised the volatility of LNG and may cause developers to rethink future regas developments. We believe 6 projects with a combined capacity of 25 mmtpa have a good chance of taking FID in 2021. These proposed terminals are located in Europe, Brazil, Australia and China. This report identifies new and under construction regas terminals, expansions at existing regas terminals and benchmarks development at pre-FID projects against a number of milestones. The Excel download is the main deliverable of this report and includes details on 41 under construction regas terminals, 144 pre-FID projects, expansions at 18 existing terminals and 8 recently opened terminals.