Global LNG capital expenditure (capex) will total nearly $228bn during the 2013-2017 period, an increase of 109% over the preceding five years, according to the latest edition of Douglas-Westwood's (DW) World LNG market forecast. The spending surge includes capital expenditure on base-load onshore and offshore fixed LNG liquefaction, LNG carriers and LNG regasification via both onshore and offshore fixed import terminals. Report author Michelle Gomez comments: 'Activity over the next five years is underpinned by huge financial commitments to both liquefaction projects and gas import facilities. The liquefaction developments will drive expenditure, with Australasia and North America playing a fundamental role in bringing new supply into the international market. Spend will peak in 2015 and decline slightly in 2016 and 2017. This is due to the surge of Australian LNG export projects reaching completion.
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