North America is expected to add around 265 mtpa of LNG liquefaction capacity in 2023, says GlobalData
Wed, Mar 27, 2019 | By publisher
Oil & Gas
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 a 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, commented: “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 is 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 liquefaction capacity of 33 mtpa in 2023. In FSU, Russia accounts for all the capacity additions from planned and announced projects.
Among terminals, Qatar LNG terminal has the highest LNG liquefaction capacity globally by 2023 with 32 mtpa, followed by Rio Grande and Cameron II with 27 mtpa and 25 mtpa, respectively.
BE
– Mar. 27, 2019 @ 16:09 GMT |
Related Posts
NNPC, Dangote Refinery Slash Petrol Prices to N899 Per Litre Amid Rising Competition
NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery and benefiting Nigerian consumers. The...
Read MoreFuel to sell at N935 per litre from Monday -IPMAN
THE Independent Petroleum Marketers Association of Nigeria (IPMAN), says the price of petrol will drop to N935 per litre by...
Read MoreNNPCL refutes allegation of shut down of Port Harcourt refinery
By Victoria Frances NIGERIAN National Petroleum Company Limited, NNPCL, has refuted reports that the Port Harcourt Refinery has been short...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.