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More than $7 Billion in LNG Regasification Terminals on Track for Completion in 2021


Industry Segment: Terminals | Word Count: 749 Words
Attachment: Planned Regasificaton Completions

SUGAR LAND--January 11, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--While the global liquefied natural gas (LNG) market took a massive dip as the coronavirus pandemic started last year, delaying the financial investment decisions for many proposed production plants, the market may take an upward trend as a vaccine is distributed and demand increases. Recently, low winter temperatures in Asian countries such as China and Japan (both big buyers of LNG) have increased demand for the liquefied fuel and caused prices to spike. Industrial Info is tracking more than $7 billion in LNG regasification terminals that are set to be completed this year.

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