North America to Lead in Small-Scale LNG Liquefaction
According to a recent report by Global Data, North America is expected to witness the highest small-scale LNG liquefaction capacity additions globally between 2023 to 2027.
The data and analytics company made this known in its latest report titled “Small-Scale LNG Liquefaction Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New Build, Expansion, Planned and Announced), 2023-2027.”
The report stated that, of the total global LNG liquefaction capacity, North America would be responsible for about 32 percent by 2027, an addition of about 4,710 thousand tonnes per annum (ktpa).
Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “The US dominates capacity additions in the region, accounting for over 87% of the small-scale LNG liquefaction capacity additions through 2027. The planned Cherokee expansion project accounts for majority of the capacity additions in the country. The project is being planned to meet peak demand for natural gas in and around Cherokee county.”
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GlobalData identifies Africa as another significant region, contributing about 18% of the global small-scale LNG liquefaction capacity additions during the 2023-2027. Nigeria leads in terms of the upcoming capacity in the region with 1,990 ktpa.
Gandham concludes: “Asia is also expected to witness significant small-scale LNG liquefaction capacity additions of 2,550 ktpa during 2023-2027. China accounts for almost the entire upcoming capacity in the region with 2510 ktpa.”
