LNG terminal outlook in North America
RnRMarketResearch.com has added two market research reports to its library: Capacity and Capital Expenditure Outlook for LNG Terminals in North America - The US and Canada to Emerge as LNG Exporters as well as Capacity and Capital Expenditure Outlook for LNG Terminals in Asia and Oceania - India and China to Drive Regasification Capacity Growth.
LNG terminals in North America
North America is set to emerge as a major LNG exporter in the world due to the expected start of several LNG liquefaction terminals in the US and Canada. In particular, the shale gas revolution in the US will help the country to transform from an LNG importer to a key global LNG exporter in future.
Currently, there are no active LNG liquefaction terminals in the US. However, 16 terminals are expected to start liquefaction operations by 2018 with a total capacity of 152.3 million tpa.
Canada also currently has no liquefaction terminals at present. The country is expected to witness start of six terminals with a total capacity of 40.1 million tpa by 2018.
Mexico will register with highest regasification capacity addition in North America. The regasification capacity of the country is expected to increase from 2.2 billion ft3 in 2014 to 3.2 billion ft3 in 2018 at an AAGR of 9.4%.
Asia and Oceania regasification capacity
Asia and Oceania plays a key role in the global LNG market in terms of both LNG supply and demand. Looking at the traditional LNG suppliers in region, Australia will alone drive the liquefaction capacity growth substantially with large offshore LNG export projects. Most of the Australia's new liquefaction capacity is aimed at countries within Asia and Oceania.
On the demand side, Japan, South Korea, China, India and Taiwan are the major LNG importing countries in Asia and Oceania accounting for over 90% of the total regasification capacity. In the future, India and China will mainly drive the regasification capacity growth in the region.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquefaction/08102014/lng-terminal-market-reports-1562/
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