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China’s regas capacity is on the rise – but low utilisation persists
This year will see a boom in regas capacity in China. Since May 2023, four regas terminals have been commissioned: Hong Kong Offshore LNG, Caofeidian (Suntien) LNG, Wenzhou LNG and Guangzhou LNG. This brings the number of operational terminals to 28 with a total nominal capacity of 131 – comprised of 45 mmtpa in North China, 43 mmtpa in East China and 43 mmtpa in South China. In addition to these four new terminals, another two could also start operations before the end of this year, namely Zhangzhou LNG and Tianjin LNG (Beijing Gas). So, what’s behind the regas capacity boom, and how will it change the supply ... (full story)