GlobalData’s latest report, “Global LNG Liquefaction Industry Outlook to 2025 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Liquefaction Terminals” says that the global liquefaction capacity increased from 313 million tonnes per annum (mtpa) in 2015 to 457 mtpa in 2020 at an AAGR of 7.6 percent. It is expected to increase from 457 mtpa in 2020 to 750 mtpa in 2025 at an AAGR of 9.9 percent.
Australia, Qatar, the US, Indonesia, and Malaysia are the major countries that accounted for 65 percent of the total liquefaction capacity of the world in 2020. Australia had the highest liquefaction capacity globally in 2020 with 89 mtpa. Other key countries in terms of liquefaction capacity were Qatar, the US, Indonesia and Malaysia with 78 mtpa, 68 mtpa, 32 mtpa, and 31 mtpa respectively. The US witnessed the highest capacity growth during 2015-2020 with an AAGR of 40.4 percent among the key countries, followed by Australia with 9.2 percent.
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Globally, 21 countries having active liquefaction terminals with a total liquefaction capacity of 457 bcf in 2020. Badak (Indonesia), Sabine Pass II (US) and Nigeria (Nigeria) are the largest liquefaction terminals in the world in terms of the liquefaction capacity in 2020.
By 2025, 30 new liquefaction terminals are expected to commence operations globally. Ras Laffan North Field Expansion (Qatar), Plaquemines (US), Arctic-2 Floating (Russia), Delta LNG (US) and Yakutia Floating (Russia) are some of the largest upcoming liquefaction terminals in the world during the outlook period 2021-2025.
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