Lagos — North America will be the major contributor to the growth of global liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects, according to GlobalData, a leading data, and analytics company.
The company’s report: ‘H1 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – US Continues to Dominate Global Liquefaction Market with Staggering Capacity Additions’ reveals that around 366 million tonnes per annum (mtpa) of LNG liquefaction capacity is expected to be added during the outlook period (2019–2023), from planned and announced projects globally.
The US plans to add the highest total capacity of roughly 215 mtpa by 2023 from planned and announced LNG liquefaction terminals. Canada follows with an LNG liquefaction capacity addition of around 34 mtpa. In addition, the US and Canada are also top new-build capex spenders globally on planned and announced LNG liquefaction projects; for the period 2019–2023.
Ashwin Gupta, Oil & Gas Analyst at GlobalData, comments: “The two North American countries, the US and Canada, will drive the global liquefaction capacity additions due to booming shale gas production. The US, in particular, is adding staggering liquefaction capacity additions, disrupting the global LNG supply chain.”
The second highest in terms of LNG liquefaction capacity additions in the Middle East. The region is expected to add approximately 36 mtpa in 2023 from planned and announced projects. In the Middle East, Qatar plans to add around 32 mtpa of LNG liquefaction capacity in 2023.
The Former Soviet Union (FSU) stands third globally, with a liquefaction capacity of 33 mtpa in 2023. In FSU, Russia accounts for all the capacity additions from planned and announced projects.
Also Read: Nord Stream 2 upbeat Denmark will approve gas pipeline proposal
Among terminals, Qatar LNG terminal has the highest LNG liquefaction capacity globally by 2023 with 32 mtpa, followed by the Rio Grande and Cameron II with 27 mtpa and 25 mtpa, respectively.
