Tag: GlobalData

North America and Asia are expected to lead capacity growth in the global LNG liquefaction and regasification industries from planned and announced (new-build) projects, respectively between 2019 and 2023, according to GlobalData, a leading data, and analytics company.

North America is witnessing a fresh surge of natural gas production, which is encouraging investors to pump money into the industry, says a new report by natural resources expert GlobalData. The report states that the increase in shale gas drilling has made the US less dependent on LNG imports, and the region now plans to export some of its own natural gas production. The US has witnessed a huge increase in shale gas production, and consequently, the price of natural gas in the country has decreased, in turn attracting even more investors and LNG consumers. Significant commercial production of shale gas is being attained by the Barnett shale play in East Texas, the Fayetteville shale play in northern Arkansas, the Haynesville shale play in northern Louisiana, the Woodford shale play in eastern Oklahoma, the Antrim in upper Michigan, the Bakken in North Dakota and the Marcellus shale play stretching into western Pennsylvania, western New York and West Virginia.