Global liquefied natural gas (LNG) liquefaction capacity is expected grow 117% from 419 million tonnes per annum (mtpa) in 2018 to 907mtpa in 2022, according to data and analytics company, GlobalData.
In regional terms, 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 400 mtpa of liquefaction capacity by 2022. Africa and Oceania follow with expected capacity additions of 37 mtpa and 26 mtpa, respectively.
From a country perspective, the US leads in terms of planned liquefaction capacity additions with 259 mtpa. Canada and Australia follow, with 125 mtpa and 24 mtpa, 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.
The US, Canada, and Russia lead globally in terms of capex during the outlook period, with $163bn, $133bn, and $41bn, respectively.
According to GlobalData’s midstream research, Venture Global Partners, LLC, Sempra Energy, and Orca LNG Ltd have the most planned and announced LNG liquefaction capacity additions globally by 2022, with capacities of 30.0 mtpa, 24.2 mtpa, and 24.0 mtpa, 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 will follow with $25.1bn and $21.1bn, respectively.
Adrian Lara, Oil & Gas Analyst at GlobalData says: “Kwispaa and Orca Floating are the largest planned terminals globally in the outlook period with LNG liquefaction capacity addition of 24 mtpa each, followed by Cameron II and Corpus Christi with 23.5 mtpa and 23 mtpa, respectively.”
