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August 12, 2020updated 15 Mar 2022 7:12am

Australia and Qatar lead with highest LNG liquefaction capacity globally

By GlobalData Energy

GlobalData’s latest report, ‘Global LNG Liquefaction Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Liquefaction Terminals’ says that global LNG liquefaction capacity increased from 303.8mtpa in 2014 to 437.5mtpa in 2019 at an AAGR of 7.3%. It is expected to increase from 437.5mtpa in 2019 to 654.3mtpa in 2024 at an AAGR of 8.1%.

Globally, among regions, Middle East, Oceania, Africa, Asia, and North America are the key contributors with LNG liquefaction capacities of 100.8mtpa, 95.5mtpa, 71.6mtpa, 69.8mtpa, and 48.9mtpa respectively in 2019. All the five collectively accounted for about 88.4% of the global total liquefaction capacity in 2019.

Among countries, Australia, Qatar, the US, Indonesia, and Malaysia are the key countries globally with LNG liquefaction capacities of 88.6 mtpa, 77.5 mtpa, 48.7 mtpa, 32.1mtpa, and 30.5mtpa respectively in 2019. The top five countries accounted for over 63.3% of the global total liquefaction capacity in 2019.

Among liquefaction terminals, Badak in Indonesia, Sabine Pass II in the US and Nigeria terminal in Nigeria are the largest liquefaction terminals globally with similar capacities of 22.5mtpa each. North West Shelf in Australia and Yamal in Russia follow with almost equal capacities of 16.9mtpa and 16.5mtpa respectively in 2019.

Globally, 22 countries participate in the LNG Liquefaction Industry, with a total liquefaction capacity of 437.5mtpa. In 2019, Australia had the highest liquefaction capacity at 88.6mtpa. By 2024, 24 LNG liquefaction terminals are expected to commence operations globally.

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