The U.S. Energy Information Administration (EIA) has announced that 10 new projects across the United States, Canada, and Mexico will significantly increase North America’s liquified natural gas (LNG) export capacity within four years. According to EIA’s forecast, the continent’s LNG export capacity is expected to surge from the current 11.4 billion cubic feet per day (Bcf/d) to 24.3 Bcf/d by 2027.
Rise in U.S. Export Capacity
Within the mentioned period, the United States alone will witness a remarkable growth in LNG export capacity, with an increase of 9.7 Bcf/d. This surge will primarily result from five LNG export projects currently under construction in Texas and Louisiana. These projects include Golden Pass, Corpus Christi Stage III, Rio Grande, Port Arthur, and Plaquemines. EIA states that exports from Golden Pass LNG and Plaquemines LNG are anticipated to commence next year.
On the other hand, Canada’s LNG export capacity is projected to rise by 2.1 Bcf/d with two ongoing projects on the West Coast in British Columbia. The LNG Canada project in Kitimat is nearing completion at approximately 85% and is estimated to be operational by 2025. Additionally, Woodfibre LNG in Squamish is scheduled to begin its service in 2027.
This growth in North America’s LNG export capacity signifies a significant development for the region’s energy industry, allowing for increased exports and establishing a stronger presence in the global energy market.
Mexico’s Export Capacity to Receive a Boost
Mexico is set to experience a significant boost in its export capacity with the implementation of three key projects. New Fortress Energy’s Fast LNG Altamira, both offshore and onshore, as well as Fast LNG Lakach, situated on Mexico’s east coast, are anticipated to enhance the country’s export capabilities. Additionally, Energia Costa Azul, located in Baja California on Mexico’s west coast, will contribute to further expansion.
The first units within the LNG Altamira project are projected to commence exports before the end of this year, while all units are expected to be operational and exporting by 2025. Likewise, exports from the Lakach project are predicted to begin in 2026. The Costa Azul project is also slated to initiate exports in 2025.