Global LNG capacity would more than double from 341 mtpa in 2015 to 811 mtpa by 2019 based on proposed natural gas liquefaction projects, according to new figures from research and consulting firm GlobalData.
The companys latest report states that the scale of the North American project pipeline is unparalleled, totaling 32 individual liquefaction plants with over 287 mtpa of capacity through the end of the decade. Dramatic liquefaction capacity growth is also anticipated in Africa, Europe and Asia.
Matthew Jurecky, GlobalDatas head of oil & gas research and consulting, says this massive infrastructure build-out in the US is driven by unconventional gas in North America.
Jurecky explains, Years of lobbying for regulatory approval and building out liquefaction capacity has paid off, and the global market will now have to make room for significant increasing volumes of North American gas.