A new report by GlobalData has highlighted a new-build liquefaction capacity of 243 million tonnes per annum (mtpa) for North America by 2023.

North America is expected to drive capacity growth in the global liquefied natural gas (LNG) industry from planned and new-build projects between 2019 and 2023, contributing approximately 73% of global growth by 2023.

“North America is expected to add 26 new-build LNG liquefaction terminals during the outlook period,” said Soorya Tejomoortula, Oil and Gas Analyst at Global Data.

“Among these, Rio Grande is the largest new-build liquefaction terminal, which is expected to start operations in 2023 with a capacity of 27 mtpa.”

PR5575

Source: GlobalData

GlobalData identified the Middle East as the second highest region in terms of global LNG liquefaction capacity growth. The Former Soviet Union was identified as third.