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Investing.com -- U.S. liquefied natural gas exporters have announced plans to more than double the country’s liquefaction capacity by 2029, according to the U.S. Energy Information Administration on Thursday.
The planned expansion would add approximately 13.9 billion cubic feet per day (Bcf/d) of capacity over the next four years. The United States already holds the position as the world’s largest LNG exporter with current capacity of 15.4 Bcf/d.
The EIA, citing its Liquefaction Capacity File and trade press reports, noted that LNG export capacity across North America is projected to increase from 11.4 Bcf/d at the start of 2024 to 28.7 Bcf/d by 2029, assuming all projects under construction are completed on schedule.
Beyond the U.S., other North American countries are also expanding their LNG capabilities. Canada plans to add 2.5 Bcf/d of capacity, while Mexico aims to increase its capacity by 0.6 Bcf/d during the same period.
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