Predictions from GlobalData state LNG production will more than double, from 341 million tonnes per annum (mtpa) to 811mtpa, by 2019 – based on proposed projects.
The company’s latest report, promoted by the company today, states that the scale of the North American project pipeline is unparalleled, totaling 32 individual liquefaction plants with over 287mtpa of capacity through the end of the decade. Dramatic liquefaction capacity growth is also anticipated in Africa, Europe and Asia.
Matthew Jurecky, GlobalData’s 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 states, “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.”
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