May 2017

Trends and Resources

Global Project Data

A global LNG supply glut has put many mega-LNG projects in doubt in 2017. This predicament has many industry experts heralding it as the end of the mega-LNG project era.

A global LNG supply glut has put many mega-LNG projects in doubt in 2017. This predicament has many industry experts heralding it as the end of the mega-LNG project era. Despite this outlook, nearly 220 LNG projects are active globally, according to Hydrocarbon Processing’s Construction Boxscore Database. With more than 40 active projects, the US is emerging as an LNG powerhouse. However, the Asia-Pacific region contains more active LNG projects than the US and Canada combined. Europe and Latin America are not far behind, while development in the Middle East is lacking in comparison. HP

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