Global liquefied natural gas (LNG) liquefaction capacity is expected to grow by 53 per cent during the outlook period (2019–2023), from 442 million tonnes per annum (mtpa) in 2019 to 676 mtpa in 2023 from active, planned and announced projects.
Among regions, North America accounts for most of the global liquefaction capacity growth from planned and announced projects (new-build projects), contributing about 82% of the total global new-build capacity in 2023.
The region is expected to have a capacity of around 176 mtpa by 2023. The Former Soviet Union (FSU) and Africa follow with capacities of 19 mtpa and 11 mtpa, respectively.
Among countries, the US leads globally with 157 mtpa of liquefaction capacity in 2023. Russia and Canada follow, with capacities of 19 mtpa and 15 mtpa, respectively.
Planned and announced LNG liquefaction capacity by key countries, 2019–2023
Source: Midstream Analytics, GlobalData Oil and Gas © GlobalData
Among companies, North America-based players such as Venture Global Partners, LLC, NextDecade Corp and Monkey Island LNG have the highest LNG liquefaction capacities globally from planned and announced projects during the outlook period with capacities of 31.2 mtpa, 17.6 mtpa, and 15.8 mtpa, respectively, by 2023.
Among terminals, Rio Grande LNG terminal has the highest LNG liquefaction capacity globally by 2023 with 17.6 mtpa, followed by Monkey Island and Port Arthur with 15.8 mtpa and 13.5 mtpa, respectively.