By Molly Burgess2019-10-14T14:06:00+01:00
The US is predicted to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced projects between 2019 and 2023, contributing approximately 73% of global new-build LNG liquefaction capacity growth by 2023.
That’s according to data and analytics company GlobalData in its latest report titled ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – North American Companies Dominate Global Liquefaction Capacity Additions.’
Adithya Rekha, Oil & Gas Analyst at GlobalData, said, “The US is expected to add capacity of 156.9 million tonnes per annum (mtpa) from 17 new-build LNG liquefaction terminals by 2023.”
“Of these, the Rio Grande terminal will have the highest capacity of 17.6 mtpa. The terminal is expected to start operations in 2023.”
The report identifies Russia as the second highest country globally in terms of new-build LNG liquefaction capacity additions with 18.7 mtpa by 2023. The Arctic-2 an 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.
German LNG Terminal GmbH, the joint venture behind the LNG terminal project in Brunsbuettel, Northern Germany, has completed the EPC (Engineering, Procurement and Construction) Contractor pre-qualification process that began in June (2019).
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