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EIA says North American LNG to double
Kristen Nelson Petroleum News
The U.S. Energy Information Administration said Nov. 13 that North American liquefied natural gas export capacity is expected to reach 24.3 billion cubic feet per day by the end of 2027, up from capacity of 11.4 bcf per day currently.
The United States currently accounts for all the LNG exported from North America, but both Mexico and Canada are placing their first LNG export terminals into service, beginning as early as this year, EIA said.
And the U.S. is adding to its capacity.
By the end of 2027, LNG exports are estimated to grow by 1.1 bcf per day in Mexico, by 2.4 bcf per day in Canada and by 9.7 bcf per day in the U.S. The growth represents a total of 10 new projects.
Mexico Three projects are underway in Mexico with a combined capacity of 1.1 bcf per day.
*Fast LNG Altamira is on the east coast. It consists of three units, each with a capacity of up to 0.18 bcf per day. The first unit will be offshore and the other two will be onshore at the Altamira LNG regasification terminal. All three will be fed by natural gas coming from the U.S. via the Sur de Texas-Tuxpan pipeline, with first LNG exports expected from the offshore unit in December and the onshore units coming online in 2025.
*Fast LNG Lakach will be offshore Veracruz, Mexico, at the nearby Lakach natural gas field, with a capacity of 0.18 bcf per day, exports are expected to begin in 2026.
*Energia Costa Azul LNG is at the site of the existing LNG regasification terminal in Baja California, western Mexico. The export terminal, which will be supplied with natural gas from the Permian basin in the U.S., will have an export capacity of 0.4 bcf per day for phase 1, under construction, and 1.6 bcf per day for a proposed phase 2.
Other projects, with a combined capacity of 2.7 bcf per day, are proposed for Mexico's west coast, all using relatively low-cost natural gas from the U.S., but none has reached a final investment decision.
Canada Two projects, with a combined capacity of 2.1 bcf per day, are under construction in British Columbia, EIA said.
LNG Canada, with an export capacity of 1.8 bcf, is scheduled to begin service in 2025. Woodfibre LNG, with an export capacity of 0.3 bcf, is scheduled to begin service in 2027.
Both will be supplied by natural gas from western Canada.
The Canada Energy Regulator has authorized 18 additional projects with a combined capacity of 29 bcf per day.
United States There are five LNG export projects under construction in the U.S. with a combined capacity of 9.7 bcf per day: Golden Pass, Plaquemines, Corpus Christi Stage III, Rio Grande and Port Arthur.
LNG exports from Golden Pass and Plaquemines are expected to begin in 2024, EIA said.
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