Fortress Investment Group is expected to lead capacity additions from planned and announced (new-build) projects in the global small-scale liquefied natural gas (LNG) liquefaction industry between 2019 and 2023, contributing around 25 percent of global small-scale LNG liquefaction capacity growth by 2023, 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 Fortress Investment Group will have new-build small-scale LNG liquefaction capacity of 4,240 thousand tonnes per annum (ktpa) by 2023 from two announced projects.
Adithya Rekha, Oil and Gas Analyst at GlobalData, says: “Browntown and Browntown II, both in the US, are the major announced small-scale LNG liquefaction terminals in Fortress Investment Group’s portfolio, each contributing a new-build capacity of 2,120 ktpa by 2023. Browntown is expected to commence operations in 2020 and Browntown II in 2021.”
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 Fortress Investment Group will have new-build small-scale LNG liquefaction capacity of 4,240 thousand tonnes per annum (ktpa) by 2023 from two announced projects.
Adithya Rekha, Oil and Gas Analyst at GlobalData, says: “Browntown and Browntown II, both in the US, are the major announced small-scale LNG liquefaction terminals in Fortress Investment Group’s portfolio, each contributing a new-build capacity of 2,120 ktpa by 2023. Browntown is expected to commence operations in 2020 and Browntown II in 2021.”
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