North America to drive LNG liquefaction growth

North America is expected to drive global small-scale LNG liquefaction capacity growth from planned and announced projects between 2019 and 2023, contributing around 47% of the total growth, according to GlobalData, a leading data and analytics company.

The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – The US Leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that North America is expected to have a new-build small-scale LNG liquefaction capacity of 7,880 thousand tonnes per annum (ktpa) by 2023.

Early-stage announced projects account for most of the new-build capacity in the region with 84% or 6,640 ktpa, while planned projects with identifiable development plans account for the remaining capacity.

Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, says: “In North America, 25 planned and announced projects are expected to start operations by 2023. Of these, Browntown and Browntown II terminals both proposed in the US have the highest small-scale LNG liquefaction capacities by 2023 with 2,120 ktpa each.”

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