The ‘H1 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – US Continues to Dominate Global Liquefaction Market with Staggering Capacity Additions’ report has been added to ResearchAndMarkets.com’s offering. A summary of the report’s findings can be found below.
According to the report, approximately 366 million tpy of LNG liquefaction capacity is expected to be added during the outlook period (2019 – 2023), from planned and announced projects globally. North America will be the major contributor to the growth of Global LNG liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects.
The two North American countries, the US and Canada, will drive the global liquefaction capacity additions due to booming shale gas production. The US plans to add the highest total capacity of roughly 215 million tpy by 2023 from planned and announced LNG liquefaction terminals. Canada follows with a LNG liquefaction capacity addition of around 34 million tpy. 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.
The second highest in terms of LNG liquefaction capacity additions is the Middle East. The region is expected to add approximately 36 million tpy in 2023 from planned and announced projects. In the Middle East, Qatar plans to add around 32 million tpy of LNG liquefaction capacity in 2023. The Former Soviet Union (FSU) stands third globally, with liquefaction capacity of 33 million tpy 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 million tpy, followed by Rio Grande and Cameron II with 27 million tpy and 25 million tpy, respectively.
The full ResearchAndMarkets report can be found here.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/12042019/h1-2019-global-capacity-and-capital-expenditure-outlook-for-lng-liquefaction-terminals-report-released/