The existing balance between the liquefaction capacities in the different basins will come to an end with the commissioning of a very significant number of projects in the Pacific basin compared to the Atlantic basin. The liquefaction capacity in the Pacific basin will be increased by 58% up to 166 MTPA (227bcma), while in the Atlantic basin the increase will reach 22% up to 123 MTPA (169bcma). The Middle East will reduce its share in liquefaction capacity from current 33% to 26% due to the absence of new projects in the area. When referring to other projects with commissioning dates planned before 2020, which are not under construction yet, the number of projects (and their associated capacity) would imply an additional increase in the total liquefaction capacity of some 80% (from the existing projects plus those under construction. These less mature projects are split between the Pacific basin (50% of the capacity), the Atlantic basin (38%), and the Artic (12%).
Planned Existing capacity
Capacity under construction
Figure 5.67: Evolution of liquefaction capacity by area. Existing, under construction and planned capacities (own elaboration based on GIIGNL and LNG journal)
1) liquefaction capacities are expressed in MTPA. The volume and energy content depend on the composition and the reference conditions of the LNG. For the understanding of these figures, the following approximation can be considered: 1 MTPA = 1.37 bcma (gas volume)