US will contribute 73% of global LNG liquefaction capacity growth by 2023, says GlobalData
US will contribute 73% of global LNG liquefaction capacity growth by 2023, says GlobalData
The US is forecast to drive new-build, liquefied natural gas (LNG) liquefaction capacity additions globally from planned and announced (new-build) projects between 2019 and 2023, contributing around 73% of global new-build LNG liquefaction capacity growth by 2023, according to GlobalData, a leading data and analytics company.
The company’s report‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – North American Companies Dominate Global Liquefaction Capacity Additions’ reveals that the US is expected to account for a new-build LNG liquefaction capacity of 156.9 million tonnes per annum (mtpa) from planned and announced projects by 2023. Of this, 79 mtpa of capacity comes from planned projects, while the rest is from announced projects.
Adithya Rekha, Oil & Gas Analyst atGlobalData, comments: “The US is expe...