That’s according to data and analytics company GlobalData in its latest report titled ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – North American Companies Dominate Global Liquefaction Capacity Additions.’
Adithya Rekha, Oil & Gas Analyst at GlobalData, said, “The US is expected to add capacity of 156.9 million tonnes per annum (mtpa) from 17 new-build LNG liquefaction terminals by 2023.”
“Of these, the Rio Grande terminal will have the highest capacity of 17.6 mtpa. The terminal is expected to start operations in 2023.”
Source: GlobalData
The report identifies Russia as the second highest country globally in terms of new-build LNG liquefaction capacity additions with 18.7 mtpa by 2023. The Arctic-2 an Baltic lead in the country with similar capacity additions of 6.6 mtpa and 6.5 mtpa, respectively, by 2023.
Canada stands third globally with new-build LNG liquefaction capacity additions of 14.6 mtpa by 2023. The Bear Head terminal is the largest upcoming LNG liquefaction terminal in the country.