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North America will proceed to dominate the worldwide LNG liquefaction capability additions, contributing about 59% of the entire capability additions between 2023 and 2027, in line with GlobalData, a number one information and analytics firm.
GlobalData’s newest report, ‘LNG Liquefaction Terminals Capability and Capital Expenditure (CapEx) Forecast by Area, Key International locations, Firms and Initiatives (New Construct, Growth, 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 enlargement tasks in the course of the outlook interval.
“The US will primarily drive the LNG liquefaction additions in North America by 2027, accounting for almost 80% of the area’s complete capability additions by 2027. Robust international demand for LNG and the provision of ample 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 in the course of the outlook interval. The Sonora liquefaction terminal would be the main driver for capability additions within the nation.
“Canada follows Mexico, accounting for about 8% of the entire 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/
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