The US is forecast to drive newbuild, LNG liquefaction capacity additions globally from planned and announced (newbuild) projects between 2019 and 2023, contributing around 73% of global newbuild LNG liquefaction capacity growth by 2023, according to GlobalData.
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 the US is expected to account for a newbuild LNG liquefaction capacity of 156.9 million tpy from planned and announced projects by 2023. Of this, 79 million tpy of capacity comes from planned projects, while the rest is from announced projects.
Adithya Rekha, Oil & Gas Analyst at GlobalData, comments: “The US is expected to add capacity of 156.9 million tpy from 17 newbuild LNG liquefaction terminals by 2023. Of these, the Rio Grande terminal will have the highest capacity of 17.6 million tpy. The terminal is expected to start operations in 2023.”
Russia is the second highest country globally in terms of newbuild LNG liquefaction capacity additions with 18.7 million tpy by 2023. The Arctic 2 and Baltic lead in the country with similar capacity additions of 6.6 million tpy and 6.5 million tpy, respectively, by 2023.
Canada stands third globally with newbuild LNG liquefaction capacity additions of 14.6 million tpy by 2023. The Bear Head terminal is the largest upcoming LNG liquefaction terminal in the country with newbuild liquefaction capacity of 8 million tpy by 2023.
Read the article online at: https://www.lngindustry.com/liquefaction/14102019/us-leads-world-in-liquefaction-capacity-growth/
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