Belgian midstreamer Fluxys said Monday that it has made a positive final investment decision to nearly double the regasification capacity at its Zeebrugge liquefied natural gas (LNG) import terminal after a successful open season.
The company said the full 6 million metric tons/year (mmty) of additional regasification capacity at the facility in Belgium was fully subscribed during a binding open season. Fluxys said it would move ahead on construction of the infrastructure required to expand the terminal.
The expansion would be completed in two phases. Another 4.7 mmty would be made available in early 2024, while the full 6 mmty would become available in early 2026, almost doubling the terminal’s capacity, Fluxys said.
Europe remains a top destination for U.S. LNG exports, accounting for roughly 40% of all cargoes that left the country between January 2020 and January 2021, according to NGI calculations.
Fluxys’ announcement followed another from Petronet LNG, India’s top LNG importer, at a news conference Friday. Petronet CEO A.K. Singh reportedly said the company plans to increase capacity by 29% from current levels to 22.5 mmty at its Dahej terminal in western Gujarat state.
Capacity at the terminal is to be added in two phases. The first 2.5 mmty expansion is set for the next three to four years, while a similarly-sized expansion would be completed sometime after that.
Indian LNG imports have been increasing steadily in the last decade, hitting a record high early last year, according to data intelligence firm Kpler. India has typically been a consistent home for Qatari cargoes, but those sourced from the United States have increased in the last year, Kpler said recently.
India is aiming to curb emissions by increasing the share of natural gas used in its energy mix to 15% from current levels of 6.2%.
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