North America to drive LNG liquefaction growth

0

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.”

North America to drive LNG liquefaction growth

Oommen John P is the Deputy Editor for OGR & Dossier and Associate Editor for OER. A journalist since 1994, John has worked for newspapers and business magazines in India and Oman. He joined UMS in January 2014, where his work profile includes writing about the economy and banking, oil and gas sector, auto reviews on prominent brands besides features and articles on travel.

To report this post you need to login first.