GlobalData’s latest report, ‘Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals, 2022-2026’, indicates that global liquefied natural gas (LNG) liquefaction capacity is expected to grow by 75% over the next four years, from 488 million tonnes per annum (mtpa) in 2022 to 852mtpa in 2026, from newbuild and expansion projects.
Among regions, North America leads global liquefaction capacity additions from newbuild and expansion projects, contributing about 69% of the total global additions or 268.8mtpa during 2022-2026. The Former Soviet Union (FSU) and the Middle East follow with capacity additions of 44.7mtpa and 33.0mtpa, respectively.
Among countries, the US leads globally with 220.3mtpa of liquefaction capacity additions by 2026. Russia and Qatar follow with capacities of 44.7mtpa and 32.0mtpa, respectively.
Among planned and announced projects, Ras Laffan North Field Expansion terminal has the highest LNG liquefaction capacity additions globally by 2026 with 32.0mtpa, followed by CP2 and Plaquemines with 20.0mtpa each.