Noun
regasification (uncountable)
The process of converting liquefied natural gas (LNG) at −162 °C (−260 °F) temperature back to natural gas at atmospheric temperature. It consists in the evaporation of liquified natural gas after transport (by ship) to a distribution terminal
As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years, APSEZ said in a statement. Source: Internet
So at the moment nobody is encouraged to build new LNG terminals, because there is plenty of regasification capacity in Europe but nobody is using it. Source: Internet