Global LNG Projects Under Construction Hit a 10-year High

Global gasification capacity for LNG projects under construction this year will reach 144 million tons a year, the highest level in a decade, energy consultancy Wood Mackenzie reported in early September. Among them, 33 new terminals will have a total gasification capacity of 92.8 million tons/year, which will be increased by 51 million tons/year after the expansion of the existing terminals.

Giles Farrell, head of research at Wood Mackenzie, said China, the world's fastest-growing gas demand region, was adding a third of the world's gasification capacity, or 5,200 tonnes per year, including 22.4 million tonnes per year of gasification capacity at new LNG receiving terminals. Due to the impact of the epidemic, the completion of gasification and expansion projects at some receiving stations in China may be delayed until 2021. Construction of pipeline infrastructure to support the terminal in South Asia will also be delayed.

India is building five new receiving stations with gasification capacity of 20 million tons/year; By 2025, the Netherlands, Poland, France, Greece and the United Kingdom will add 13 mMTpa of gasification capacity when terminal expansion projects are completed.

The energy consultancy predicts that a final investment decision (FID) will be made on seven terminals this year. Stations in Cyprus, Yantai, China and Tianjin have already done so in the first half of this year, while four stations in eastern Greece, Hong Kong, Northern Brazil and Ecuador will have done so by the end of this year.

Southeast Asia has become an important region for LNG terminal construction this year, with Vietnam and Myanmar accelerating terminal construction to ease pressure on local power supplies.

Giles Farrell says the LNG terminal project in southern Mozambique, due to begin in the first quarter of next year, is significant compared with projects in Myanmar and Vietnam. While gas demand in the region is limited, the target markets for the new terminals also include Maputo, Mozambique's capital, the south-eastern port city of Matola, and the northern part of neighbouring South Africa.

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