GlobalData’s latest report, ‘Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals, 2021–2025 – North America Dominates Global Capacity Additions and Capex Spending,’ indicates that global liquefied natural gas (LNG) liquefaction capacity is expected to grow by 70% over the next four years, from 460 million tonnes per annum (Mtpa) in 2021 to 780Mtpa in 2025 from new build and expansion projects.
Among regions, North America leads global liquefaction capacity additions from new build and expansion projects, contributing about 63% of the total global total additions or 206Mtpa during 2021-2025. The Former Soviet Union (FSU) and the Middle East follow with capacity additions of 58.2Mtpa and 33.5Mtpa, respectively.
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Among countries, the US leads globally with 150Mtpa of liquefaction capacity additions by 2025. Russia and Qatar follow, with capacities of 58Mtpa and 32Mtpa, respectively.
Among planned and announced terminals expected to start operations by 2025, Ras Laffan North Field Expansion terminal has the highest LNG liquefaction capacity additions globally by 2025 with 32mtpa, followed by Plaquemines and Arctic-2 Floating with 20.0Mtpa and 19.8Mtpa, respectively.
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