TOP 3 countries driving global LNG liquefaction capacity growth
Baku, Azerbaijan, Oct. 14
By Leman Zeynalova – Trend:
The US, Russia and Canada are TOP 3 countries driving global liquefied natural gas (LNG) liquefaction capacity growth by 2023, Trend reports citing GlobalData, a leading data and analytics company.
The company estimates that the US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 73 percent of global new-build LNG liquefaction capacity growth by 2023.
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 new-build LNG liquefaction capacity of 156.9 million tonnes per annum (mtpa) from planned and announced projects by 2023. Of this, 79 mtpa of capacity comes from planned projects, while the rest is from announced projects.
Russia is the second highest country globally in terms of new-build LNG liquefaction capacity additions with 18.7 mtpa by 2023. The Arctic-2 and Baltic lead in the country with similar capacity additions of 6.6 mtpa and 6.5 mtpa, respectively, by 2023.
Canada stands third globally with new-build LNG liquefaction capacity additions of 14.6 mtpa by 2023. The Bear Head terminal is the largest upcoming LNG liquefaction terminal in the country with new-build liquefaction capacity of 8 mtpa by 2023.
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