The article discusses the significant expansion of liquefied natural gas (LNG) export capacity globally.
Major Data Points:
Over 20 projects with some 242 mt/y of new LNG export capacity are scheduled to make Final Investment Decisions (FID) in the remaining part of 2021.
Pipeline Status:
Approximately 242 million tonnes per year of new capacity awaited FID decisions through 2021, with additional projects planned for 2022-2023.
Historical Context:
This represents the highest backlog to date, outnumbering last year's 205 mt/y expected by end-2020.
Geographic Distribution:
Roughly half of pending FID projects are located in North America.
Market Perspective:
The cumulative new capacity equals the entire global LNG trade volume from 2020.
The piece presents LNG expansion as a substantial development in global energy markets, with North American projects comprising a dominant share of near-term growth opportunities.
