Leaders emerge in US race to FID
Projects face tough global competition for funding, but some lead the pack
The field of US liquefaction project proposals awaiting FID has thinned somewhat since the start of 2021. Of the projects that remain, not all will be built, and some are increasingly pulling ahead of others. In January, Houston-based NextDecade said it was scrapping plans for Galveston Bay LNG in Texas, having completed an evaluation of the site and determined it was not suitable for the development of an LNG facility. This was followed in March by news that the consortium behind Annova LNG was discontinuing its project at the Port of Brownsville, also in Texas. The group cited changes in the global LNG market but did not elaborate on its decision. LNG demand is now picking up again, but no

Also in this section
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand