Venture Global to lead LNG capacity additions by 2023

Venture Global Partners is expected to be the leading company in the global liquefied natural gas (LNG) liquefaction industry, in terms of capacity additions from planned and announced (new-build) projects between 2019 and 2023. The firm will contribute around 14% of global LNG liquefaction capacity growth by 2023, according to GlobalData.

The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals – North American Companies Dominate Global Liquefaction Capacity Additions’, reveals that Venture Global Partners will have a new-build LNG liquefaction capacity of 31.2 million tonnes per annum (mtpa) by 2023 from announced and planned projects.

NextDecade Corp ranks second highest in terms of new-build LNG liquefaction capacity globally with 17.6mtpa by 2023. The upcoming Rio Grande LNG liquefaction terminal accounts for the entire capacity additions in the company’s portfolio with 17.6mtpa. The terminal is expected to start operations in 2023.