The US Energy Information Administration (EIA) expects North America to more than double its LNG export capacity between 2024 and 2028, if the 10 projects currently under development reach commercial operations as planned. The EIA expects the LNG export capacity to rise from 11.4 bcf/d (323 mcm/d or 118 bcm/year) in 2023 to 24.4 bcf/d (690 mcm/d or 251 bcm/year) in 2028, once Canada and Mexico commission their first LNG export terminals and the US adds to its existing capacity. Mexico’s capacity is expected to grow by 17 mcm/d (6.2 bcm/year), Canada by 71 mcm/d (26 bcm/year) and the US by 275 mcm/d (100 bcm/year).
Mexico is currently developing two projects (Fast LNG Altamira and Energía Costa Azul) with a combined capacity of 17 mcm/d (6.2 bcm/year), and it has 127 mcm/d (46 bcm/year) in proposed projects that have yet to reach an FID or started construction. Canada has three projects under development (LNG Canada, Woodfibre LNG and Cedar LNG) with a combined capacity of 71 mcm/d (26 bcm/year), and it has authorised another four projects (116 mcm/d or 42 bcm/year in combined capacity). The US has five projects in construction with a combined capacity of 275 mcm/d (100 bcm/year) from the following projects: Plaquemines (Phase I and Phase II), Corpus Christi Stage III, Golden Pass, Rio Grande (Phase I), and Port Arthur (Phase I).
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