LNG Infrastructure
- Liquefaction
Global liquefaction capacity stands at 462 MT.
During the last 30 years the number of exporting countries has more than doubled, leading to an increased diversification of supply sources.
While liquefaction capacity has grown steadily over the years, the last 5 years (2016-2021) were marked by an acceleration of the liquefaction capacity growth. This was primarily due to the rise of the USA as an LNG exporter, and expansions in Australia and Russia.
The completion of the 1st wave of US LNG projects has set an end to the expansionary cycle and the market is now observing a slowdown in the additions of liquefaction capacity.