GlobalData’s latest report, Semi-Annual Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – New Capacity Additions Gain Momentum’, indicates that the global liquefied natural gas (LNG) liquefaction capacity is expected grow by 117% during the 2018–2022 outlook period, from 419 million tonnes per annum (mtpa) in 2018 to 907mtpa by 2022.

Among regions, North America continues to lead in terms of planned and announced liquefaction capacity growth, contributing 82% of the total global growth. The region is expected to add 400mtpa of liquefaction capacity by 2022. Africa and Oceania follow with expected capacity additions of 37mtpa and 26mtpa, respectively.

Among countries, the US leads in terms of planned liquefaction capacity additions with 259mtpa. Canada and Australia follow, with 125mtpa and 24mtpa, respectively.

In terms of capex for planned and announced liquefaction projects during the outlook period, North America again leads with proposed capex of $310bn. Africa has the second-highest capex of $58bn, followed by Oceania with $51bn.

Among countries, the US, Canada, and Russia lead globally in terms of capex during the outlook period, with $163bn, $133bn, and $41bn, respectively.

Planned and announced liquefaction capacity additions by key countries, 2018–2022

Source: Midstream Analytics                                                                                                                © GlobalData

According to GlobalData’s midstream research, Venture Global Partners, Sempra Energy, and Orca LNG have the most planned and announced LNG liquefaction capacity additions globally by 2022, with capacities of 30.0mtpa, 24.2mtpa, and 24.0mtpa, respectively. Exxon Mobil is expected to spend $28.5bn on new build liquefaction projects in the outlook period, highest among all the companies, Gazprom and Woodside Petroleum would follow with $25.1bn and $21.1bn, respectively.

Kwispaa and Orca Floating are the largest planned terminals globally in the outlook period with LNG liquefaction capacity addition of 24mtpa each, followed by Cameron II and Corpus Christi with 23.5mtpa and 23mtpa, respectively.


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