International
North America to drive LNG liquefaction growth
North America is expected to drive global small-scale LNG liquefaction capacity growth from planned and announced projects between 2019 and 2023, contributing around 47% of the total growth, according to GlobalData, a leading data and analytics company.
The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – The US Leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that North America is expected to have a new-build small-scale LNG liquefaction capacity of 7,880 thousand tonnes per annum (ktpa) by 2023.
Early-stage announced projects account for most of the new-build capacity in the region with 84% or 6,640 ktpa, while planned projects with identifiable development plans account for the remaining capacity.
Soorya Tejomoortula, Oil and Gas Analyst at GlobalData, says: “In North America, 25 planned and announced projects are expected to start operations by 2023. Of these, Browntown and Browntown II terminals both proposed in the US have the highest small-scale LNG liquefaction capacities by 2023 with 2,120 ktpa each.”
-
OER Magazines2 months agoOER, February 26
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26
-
Economy2 months agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
-
News2 months agoA Family Iftar Destination Arrives at Al-Futtaim IKEA in Oman
-
Economy2 months agoExclusive: Inside Oman’s Evolving MSME Finance Ecosystem – An Interview with Hussain Al Lawati, CEO, Development Bank
-
Banking & Finance4 weeks agoSohar International Contributes OMR100,000 to Support Those Affected by Al Masarrat Weather Conditions
-
News2 months agoAir India Express Announces ‘Payday Sale’; Offers Lowest Fares Across Domestic & International Network

You must be logged in to post a comment Login