BAKU, Azerbaijan, April 10. In 2023, global liquefaction capacity addition is expected to decline to 14 Mtpa, with contributions mainly from Russia and Indonesia, Trend reports with reference to the Gas Exporting Countries Forum (GECF).
GECF says in its latest report that five projects are expected to start operations, including Arctic LNG train 1 (6.6 Mtpa), Tangguh LNG train 3 (3.8 Mtpa), Altamira FLNG (1.4 Mtpa), Louisiana FLNG (1.4 Mtpa) and Congo FLNG (0.6 Mtpa).
“Global liquefaction capacity grew by 16 Mtpa y-o-y to 486 Mtpa in 2022, which represents a significant increase from the 7 Mtpa liquefaction capacity added in 2021. In terms of capacity utilisation of global liquefaction capacity, it averaged 81% last year, the same as in 2021. The US accounted for the largest capacity addition with the start-up of the 11.3 Mtpa Calcasieu Pass LNG facility, followed by Mozambique with the 3.4 Mtpa Coral South FLNG and Russia with the 1.5 Mtpa Portovaya LNG facility,” reads the report.
GECF analysts believe that looking further ahead into 2024, the start-up of new liquefaction capacity is expected to reach the highest level since 2019, with capacity addition of 22 Mtpa. New liquefaction capacity will mainly come from the US, Russia and Suriname. The new liquefaction projects include Arctic LNG train 2 (6.6 Mtpa), Golden Pass LNG train 1 (5.2 Mtpa), Firebird LNG (4 Mtpa), trains 1-6 from Plaquemines LNG Phase 1 (3.76 Mtpa) and Tortue FLNG 1 (2.5 Mtpa).
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