North America will proceed to dominate the worldwide LNG liquefaction capability additions, contributing about 59% of the full capability additions between 2023 and 2027, based on GlobalData, a number one knowledge and analytics firm.
GlobalData’s newest report, ‘LNG Liquefaction Terminals Capability and Capital Expenditure (CapEx) Forecast by Area, Key Nations, Firms and Tasks (New Construct, Enlargement, Deliberate and Introduced), 2023-2027’, reveals that North America is predicted to witness the very best capability additions globally, by gaining a complete capability of 272.1 million tpy from new construct and growth tasks throughout the outlook interval.
“The US will primarily drive the LNG liquefaction additions in North America via 2027, accounting for almost 80% of the area’s complete capability additions by 2027. Sturdy international demand for LNG and the supply of plentiful shale gasoline are driving the expansion of LNG terminals in North America, commented Himanu Pant Pandey, Oil and Fuel Analyst as GlobalData.”
GlobalData identifies Mexico because the second highest contributor to North America’s LNG liquefaction capability additions, accounting for about 12% of complete LNG liquefaction capability additions in North America throughout the outlook interval. The Sonora liquefaction terminal would be the major driver for capability additions within the nation.
“Canada follows Mexico, accounting for about 8% of the full capability additions within the area by 2027. The proposed LNG Canada liquefaction terminal is the principle driver for LNG liquefaction capability additions within the nation with a capability of 14.0 milliion tpy by 2027,” concluded Pandey.
Learn the article on-line at: https://www.lngindustry.com/special-reports/22082023/globaldata-north-america-to-continue-to-dominate-global-lng-liquefaction-capacity-additions-through-2027/
