Global liquefied natural gas (LNG) liquefaction capacity is expected to almost double, potentially increasing from 487.3 million tonnes per annum (mtpa) in 2022 to 958mtpa in 2027 from projects that have received all necessary approvals or are yet to receive all approvals.
Among regions, North America continues to lead globally, in terms of new build and expansion liquefaction capacity growth, contributing approximately 60% of the total global capacity additions by 2027. The region is expected to add a capacity of 284.1mtpa from 2023 to 2027. Russia and the Middle East follow with capacity additions of 67.5mtpa and 60.5mtpa, respectively.
Among countries, unsurprisingly, the US dominates globally with 216.6mtpa of new build and expansion liquefaction capacity additions by 2027. Russia and Qatar follow, with capacities of 67.5mtpa and 48mtpa, respectively.
Among planned and announced terminals expected to start operations by 2027, North Field East in Qatar has the highest LNG liquefaction capacity of 32mtpa globally. CP2 in the US follows with a liquefaction capacity of 20mtpa.
LNG Liquefaction Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New Build, Expansion, Planned and Announced), 2023-2027
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