Kuwait and Nigeria will contribute significantly to capacity growth in the Middle East and Africa’s LNG industry between 2018 and 2022, says GlobalData.
Nigeria is set to have the highest liquefaction capacity additions while Kuwait and Turkey will have highest regasification capacity additions among all countries in the Middle East and Africa, according to the data and analytics company.
The company’s report ‘LNG Industry Outlook in Middle East and Africa to 2022’ forecasts total liquefaction capacity in the Middle East and Africa to increase from 172.7 million tonnes per annum (mtpa) in 2017 to 234 mtpa in 2022 at an Average Annual Growth Rate (AAGR) of 6.1%. Similarly, the total regasification capacity is expected to grow from 3,007.6 billion cubic feet (bcf) in 2017 to 5,895 bcf in 2022 at an AAGR of 13.5%.
Nigeria and Qatar are the major countries in the Middle East and Africa for LNG liquefaction terminals. Nigeria (Nigeria), Ras Laffan III (Qatar) and Ras Laffan II (Qatar) are the largest liquefaction terminals in the region. In the Middle East and Africa, 11 liquefaction terminals are expected to become operational between 2018 and 2022. The total planned liquefaction capacity in 2022 is expected to be 53.3 mtpa.
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