Abu Dhabi-backed energy storage company, VTTI BV, is exploring opportunities to invest in LNG (liquefied natural gas) import terminals across several Asian countries, including Pakistan.
In an interview, CEO Guy Moeyens identified Bangladesh, Pakistan, and the Philippines as prime locations for new regasification facilities, citing their growing energy needs in comparison to Europe and the Americas.
VTTI, headquartered in Rotterdam, has recently expanded its global footprint by acquiring a 50% stake in the UK’s Dragon LNG terminal and is poised to purchase a majority share in Italy’s Adriatic LNG terminal. The firm is also partnering with Hoegh LNG for a project in the Netherlands as it continues its strategic expansion into Asia.
Adnoc, a major shareholder in VTTI, is ramping up its own LNG operations, with a new export terminal in the pipeline and additional stakes secured in projects across the U.S. and Africa. As global demand for LNG increases, the U.S. and Middle Eastern nations are rapidly expanding their export capacities to meet the rising needs.
