North America expected to drive global LNG liquefaction
09 October 2019
North America is expected to drive global liquefied natural gas (LNG) liquefaction capacity growth through planned and announced (new-build) projects between 2019 and 2023, contributing around 82% of the total growth, according to GlobalData, a data and analytics company.
The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – North American Companies Dominate Global Liquefaction Capacity Additions’, reveals that North America is expected to have a new-build LNG liquefaction capacity of 175.5 million tonnes per annum (mtpa) by 2023.
Planned projects with identifiable development plans account for most of the new-build capacity in the region with 51% or 89.2 mtpa, while early-stage announced projects account for the remaining capacity.
The Former Soviet Union is the second-highest region in terms of global LNG liquefaction capacity growth adding a new-build capacity of 18.7 mtpa by 2023. The Arctic-2 and Baltic terminals are the largest upcoming projects in the region with new-build capacities of 6.6 mtpa and 6.5 mtpa, respectively, by 2023.