US to drive LNG capacity growth in North America

21 November 2020

The US is expected to lead the liquefied natural gas (LNG) liquefaction capacity growth in North America by 2024, accounting for around 92.6% of the region’s total growth. Approximately 144.6 million tonnes per annum (mtpa) are likely to be added by the US by 2024, says GlobalData, a data and analytics company. 

GlobalData’s report, ‘LNG Liquefaction Industry Outlook in North America to 2024’, reveals that liquefaction capacity in North America is expected to increase by 156.2 mtpa, from 69.9 mtpa in 2020 to 205.1 mtpa by 2024, registering an average annual growth rate (AAGR) of 26.9%. Of the total capacity additions in the region, 125.5 mmbd is expected to come from planned projects, while the remaining 30.7 mmbd is likely to come from the expansions of active/operational projects.

GlobalData expects Mexico to occupy the second position in terms of liquefaction capacity additions in North America by 2024. It is expected to add around 10.9 mtpa through four upcoming terminals by 2024. Among the upcoming terminals in Mexico, ECA Mid-Scale and Amigo Floating are the major terminals likely to add a combined liquefaction capacity of 6.4 mtpa by 2024. The remaining additions are from the announced terminals, Sonora and Salina Cruz Floating, which are expected to start operations in 2024 and 2023, respectively.