b'According to Nikos Tsafos, a senior fellowthree years, for an average annual growth at the Center for Strategic and Internationalrate of 60.6% since 2017. North America StudiesinWashington,D.C.,Europecur- isexpectedtoseecapitalexpendituresof rently imports mostly piped gas from Russia,$285.5 billion on new liquefaction projects, Norway, and Algeria, while LNG accountedof which 58% will be spent in the U.S. Thir-for 12 percent of European gas demand inty-eight liquefaction terminals are expected 2017. The U.S. supplied four percent of Eu- to have become operational between 2018 ropes LNG in 2017, ranking behind Qatar,and 2022 and total planned liquefaction ca-Algeria, Nigeria, Norway, and Peru, and, atpacity in North America in 2022 is expected less than 100 billion cubic feet, amounted toto rise to 376.3 mtpa. North America will ac-less than 1.5% of Europes gas imports fromcount for 72% of total global capacity from Russia.Around14%ofUSLNGexportsplanned and announced projects between went to Europe in 2017.2019 and 2023, according to the report.Europe can import more LNG using ex- GlobalData expects liquefaction capacity istinginfrastructure,noted Tsafos,addingadditions in Canada of around 101.1 mtpa that the utilization rate for import terminalsby 2022. The country is expected to spend in Europe averages 29%, and is as low as sixroughly $105.3 billion on the development percent in some facilities.of new liquefaction terminals.Despite this low utilization rate, TsafosCanada is adding considerable LNG ex-said,therearemanynewfacilitiespro- port capacity as its natural gas exports via Despite this low utilization rate there are many new facilities proposed in Europe. If all these projects were built, Europes LNG import capacity would grow by 50%. posed in Europe. If all these projects werepipelines to the U.S., are decreasing, said built, Europes LNG import capacity wouldSoorya Tejomoortula, an oil and gas analyst grow by 50%. Its impossible to predict atat GlobalData. Mexico is expected to add this point the precise increase in Europes fu- around 16.4 mtpa of liquefaction capacity ture LNG importing capacity, but it is clearby 2022 and is projected to spend around that Europe has growth potential as a U.S.$12.9billiononthedevelopmentofnew LNG export market. liquefaction terminals by 2022.Regional Demand But the U.S. will lead North America in terms of liquefaction capacity additions with Closer to home, the U.S. is expected to258.8 mtpa, increasing from 19.5 mtpa in contribute more to capacity growth in North2017 to 287.3 mtpa by 2022, with capital Americas LNG industry over the next fewexpendituresof$167.28billionbetween years as compared to its neighbors to the2017 and 2022.north and south, while the regasification ca- The U.S. is adding substantial LNG liq-pacity is expected to remain the same for theuefactioncapacities,redrawingtheglobal region, according to GlobalData. LNG landscape, said Tejomoortula. Boom-Its report forecasts that total liquefactioning natural gas production, especially from capacity in North America will increase toshale, is driving the countrys LNG exports.405.1 million tons per year (mtpa) in the next 2019 Collection Project / Energy Shipping 61'