Abu Dhabi-backed energy storage firm VTTI BV is considering investments in LNG import terminals across Asia, with a focus on countries such as Pakistan, Bangladesh, and the Philippines, according to a report by Bloomberg. CEO Guy Moeyens highlighted these nations as prime locations for regasification facilities, offering more potential than regions like Europe or the Americas.

VTTI, headquartered in Rotterdam, has recently expanded its portfolio by acquiring a 50 percent stake in the UK’s Dragon LNG terminal and is poised to purchase a majority share in Italy’s Adriatic LNG terminal. The company, which already collaborates with Hoegh LNG on a project in the Netherlands, is now setting its sights on further expansion into the Asian market.

Adnoc, a major shareholder in VTTI, has been actively increasing its LNG activities. The company is constructing a new export terminal and has secured stakes in projects across the US and Africa, reflecting a broader trend of increased LNG export capacity in response to rising global demand.