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Fortress Investment Group to lead global small-scale LNG liquefaction capacity additions by 2023

Fortress Investment Group to Lead Global Small-scale LNG Liquefaction Capacity Additions by 2023

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Fortress Investment Group is expected to lead capacity additions from planned and announced (new-build) projects in the global small-scale liquefied natural gas (LNG) liquefaction industry between 2019 and 2023, contributing around 25 percent of global small-scale LNG liquefaction capacity growth by 2023, according to GlobalData, a leading data and analytics company.

The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – The US Leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that Fortress Investment Group will have new-build small-scale LNG liquefaction capacity of 4,240 thousand tonnes per annum (ktpa) by 2023 from two announced projects.

Adithya Rekha, Oil and Gas Analyst at GlobalData, says: “Browntown and Browntown II, both in the US, are the major announced small-scale LNG liquefaction terminals in Fortress Investment Group’s portfolio, each contributing a new-build capacity of 2,120 ktpa by 2023. Browntown is expected to commence operations in 2020 and Browntown II in 2021.”

Fortress Investment Group to lead global small-scale LNG liquefaction capacity additions by 2023

The company’s report, ‘Global Small-Scale LNG Liquefaction Capacity and Capital Expenditure Outlook – The US Leads Globally on Capacity Additions and Capital Expenditure Outlook’, reveals that Fortress Investment Group will have new-build small-scale LNG liquefaction capacity of 4,240 thousand tonnes per annum (ktpa) by 2023 from two announced projects.

Adithya Rekha, Oil and Gas Analyst at GlobalData, says: “Browntown and Browntown II, both in the US, are the major announced small-scale LNG liquefaction terminals in Fortress Investment Group’s portfolio, each contributing a new-build capacity of 2,120 ktpa by 2023. Browntown is expected to commence operations in 2020 and Browntown II in 2021.”

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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