GlobalData : US will contribute 73% of global LNG liquefaction capacity growth by 2023

16 Oct 2019
US will contribute 73% of global LNG liquefaction capacity growth by 2023 Posted in Oil & Gas

The USis forecast to drive new-build, liquefied natural gas (LNG) liquefactioncapacityadditions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 73%ofglobalnew-build LNGliquefactioncapacitygrowthby2023, according to GlobalData, a leading data and analytics company.

The company's report 'H2 2019 GlobalCapacity and Capital Expenditure Outlook for LNGLiquefaction Terminals - North American Companies Dominate GlobalLiquefactionCapacity Additions' reveals that the USis expected to account for a new-build LNGliquefactioncapacityof156.9 million tonnes per annum (mtpa) from planned and announced projects by2023. Ofthis, 79 mtpa ofcapacitycomes from planned projects, while the rest is from announced projects.

Adithya Rekha, Oil & Gas Analyst at GlobalData, comments: 'The USis expected to add capacityof156.9 mtpa from 17 new-build LNGliquefactionterminals by2023. Ofthese, the Rio Grande terminal willhave the highest capacityof17.6 mtpa. The terminal is expected to start operations in 2023.'

Russia is the second highest country globally in terms ofnew-build LNGliquefactioncapacityadditions with 18.7 mtpa by2023. The Arctic-2 and Baltic lead in the country with similar capacityadditions of6.6 mtpa and 6.5 mtpa, respectively, by2023.

Canada stands third globally with new-build LNGliquefactioncapacityadditions of14.6 mtpa by2023. The Bear Head terminal is the largest upcoming LNGliquefactionterminal in the country with new-build liquefactioncapacityof8 mtpa by2023.