Energies Media
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise
No Result
View All Result
Energies Media
No Result
View All Result

China and US Lead New-build Capacity Growth in Global LNG Regasification and Liquefaction Sectors

by Energies Media Staff
June 8, 2020
in Downstream, News, Oil and Gas News
China and US lead new-build capacity growth in global LNG regasification and liquefaction sectors

Chevron ramps up South Korea refining, petrochem investment

DOE keeps Michigan’s Campbell coal plant running under emergency powers

China and the U.S. and are expected to lead the capacity growth in the global LNG liquefaction and regasification sectors from planned and announced (new-build) projects between 2020 and 2024, says GlobalData, a leading data and analytics company.

GlobalData’s report,‘Global LNG Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Terminals’, reveals that China leads globally in terms of regasification capacity growth from planned and announced projects with 2.9 trillion cubic feet (tcf) of capacity expected to come online by 2024.

Adithya Rekha, Oil & Gas Analyst at GlobalData, explains: “Out of the 2.9 tcf of regasification capacity expected to come online in China, planned projects that have received the required approvals for development account for 2.2 tcf while the remaining 0.7 tcf could come from early-stage announced projects that are yet to receive any approvals for development.”

InventU
InventU

India and Pakistan follow China with regasification capacities of 2.1 tcf and 1.4 tcf, respectively, by 2024.

China and US lead new-build capacity growth in global LNG regasification and liquefaction sectorsIn terms of liquefaction capacity growth during the outlook period, the U.S. will lead globally with 131 mtpa by 2024.

Rekha continues: “Out of the total capacity of 131 mtpa expected to come online by 2024 in the U.S., 112.7 mtpa is expected to come from planned projects that have received the required approvals for development while the remaining 18.3 mtpa could come from early-stage announced projects that are yet to receive any approvals for development.”

After the U.S., Russia and Mexico rank second and third, with liquefaction capacity additions of 31.2 mtpa and 11.7 mtpa, respectively, from new-build liquefaction projects by 2024.

In terms of the largest upcoming regasification terminals in the outlook period by capacity, the Al-Zour terminal in Kuwait is the top LNG regasification terminal globally with a capacity of 1.2 tcf. The planned terminal is expected to come online by 2021.

As for the liquefaction terminals, Rio Grande leads all the other terminals globally with a capacity of 17.6 mtpa. The terminal is expected to start operations in 2024.

Author Profile
Energies Media Staff
Website
Author Articles
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Drones
    September 8, 2025
    Revolutionizing Renewable Energy with Advanced Drone Technology
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
    August 26, 2025
    Global Shale Oil and Gas Landscape Set for Growth Beyond US
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    E-Fuels
    August 13, 2025
    2nd Annual World E-Fuels Summit
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    What Happens to Solar and Wind Systems During Natural Disasters?
    August 6, 2025
    What Happens to Solar and Wind Systems During Natural Disasters?
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ship on body of water at night
    August 1, 2025
    Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025
  • Energies Media Staff
    https://energiesmedia.com/author/oilmanwp/
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
    July 31, 2025
    ROGII and NRGX Technologies Ltd. Partner to Deliver Seamless LAS Data Integration for Upstream Workflows
LNG
ADIPEC

In This Issue

Energies Media Summer 2025

ENERGIES Media (Summer 2025)


How to Deploy Next-Gen Energy Savers Without Disrupting Operations


Letter from the Managing Editor (Summer 2025)


The Hidden Value in Waste Oil: A Sustainable Solution for the Future


Dewey Follett Bartlett, Jr.: Tulsa’s Champion of Independents


U.S. Oil Refineries Face Critical Capacity Test Amid Rising Demand


Meeting Emergency Preparedness and Response Criteria


ENERGIES Cartoon (Summer 2025)


Moving Energy Across Space and Time


Why Energy Companies Need a CX Revolution


Energies Media Interactive Crossword Puzzle – Summer 2025


NeverNude Coveralls: A Practical Solution for Everyday Dignity


Bringing Safety Forward in Offshore Operations


Maximizing Clean Energy Tax Credits Under the Inflation Reduction Act

InventU
TAMU
  • Terms
  • Privacy

© 2025 by Energies Media

No Result
View All Result
  • Magazine
    • Digital Magazine
    • Digital Magazine Archive
  • Features
  • Upstream
  • Midstream
  • Downstream
  • Renewable
    • Solar
    • Wind
    • Hydrogen
    • Nuclear
  • People
  • Events
  • Advertise

© 2025 by Energies Media