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China and US lead newbuild capacity growth in global LNG regasification and liquefaction sectors

China and the US and are expected to lead capacity growth in the global LNG liquefaction and regasification sectors from planned and announced (newbuild) projects between 2020 and 2024, says GlobalData.

Its latest analysis reveals that China leads globally in terms of regasification capacity growth from planned and announced projects, with 2.9tn cf of capacity expected to come online by 2024. India and Pakistan follow, with regasification capacities of 2.1tn cf and 1.4tn cf, respectively by 2024.

In terms of liquefaction capacity growth during the outlook period, the US will lead globally, with 131mn t/y by 2024. Russia and Mexico rank second and third, with liquefaction capacity additions of 31.2mn t/y and 11.7mn t/y respectively, from newbuild liquefaction projects by 2024.

In terms of the largest upcoming regasification terminals in the outlook period by capacity, the Al-Zour terminal in Kuwait is the top LNG regasification terminal globally, with a capacity of 1.2tn cf. The planned terminal is expected to come online by 2021.

As for the liquefaction terminals, Rio Grande leads all the other terminals globally, with a capacity of 17.6mn t/y. The terminal is expected to start operations in 2024.

News Item details


Journal title: Petroleum Review

Countries: USA - China -

Subjects: LNG Terminals, LNG markets, Forecasting

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