Development of 10 new projects in the U.S., Canada and Mexico will more than double North America’s liquified natural gas export capacity within four years, the U.S. Energy Information Administration said Monday.
EIA forecasts the continent’s LNG export capacity will rise from its current 11.4 billion cubic feet a day to 24.3 Bcf/d through 2027, with export capacity in the U.S. to grow by 9.7 Bcf/d over that period, while Canadian capacity will increase by 2.1 Bcf/d and Mexican capacity will rise by 1.1 Bcf/d.
In the U.S., the growth in capacity is expected to come from five LNG export projects currently under construction–the Golden Pass, Corpus Christi Stage III, Rio Grande and Port Arthur projects in Texas and the Plaquemines project in Louisiana. Exports from Golden Pass LNG and Plaquemines LNG are expected to begin next year, EIA said.
In Canada, the growth in capacity is expected to come from two projects under construction on the West Coast in British Columbia. These are the LNG Canada project in Kitimat, British Columbia, which is currently about 85% complete and expected to enter service by 2025, and Woodfibre LNG in Squamish, British Columbia, which is expected to begin service in 2027.
In Mexico, three projects are expected to boost export capacity, including New Fortress Energy’s Fast LNG Altamira offshore and onshore and Fast LNG Lakach, both located on Mexico’s east coast, and Energia Costa Azul, located in Baja California on Mexico’s west coast.
The first exports from units in the LNG Altamira project are expected by the end of the year, with all units having begun exports by the end of 2025. Exports from the Lakach project are expected in 2026. Units in the Costa Azul project are expected to begin exports in 2025.
Export capacity is expected to continue growing in coming years, with developers proposing projects in Mexico with a combined export capacity of over 2.7 Bcf/d and the Canada Energy Regulator authorizing 18 LNG export projects with a combined capacity of 29 Bcf/d, EIA said.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
–Reporting by Steve Cronin, [email protected]; Editing by Michael Kelly, [email protected]
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