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China regasification capacity seen at 250 mln T by decade-end, BP officer says

China's regasification capability is anticipated to grow twothirds to 250 million metric lots by the end of the years, from 150 million now, a BP executive said on Thursday.

Asian need development for gas is significant and strong, said Elaine Skinner-Reid, the company's senior vice president for worldwide gas and power, adding that she anticipated demand for the fuel from China and India to grow.

We have actually got the standard hubs of Japan, Korea and Taiwan, which will see pretty steady demand in our expectations to the end of the years, she said at the Financial Times Commodities Asia Summit.

On China and India and the development that we've seen over the in 2015, we anticipate will continue to grow.

China, Japan and South Korea were the world's top 3 LNG importing nations last year.

Any tariffs Donald Trump's administration may embrace would produce an inflationary impact hitting growth, she included, however not enough to strike need for the fuel in Asia, spurred by the energy transition and coal-to-gas changing for power generation.

Tariffs will be available in, we will see the speed of that as it develops, she said.

It will be inflationary, and that will be bad for growth, but we do not think it's considerable enough to damage the need for gas, which is growing, certainly, from now up until the end of the years, in practically every circumstance.

(source: Reuters)