Several LNG projects shelved or cancelled in past 12 months
LNG projects aim to shrug off challenging year
Progress has been slow on both the liquefaction and regasification sides over the past 12 months, but numerous new developments are planned
LNG project activity has been muted over the past 12 months on both the export and import sides of the business. Only one of each type of development has become operational over the period: Malaysia’s 1.5mn t/yr PFLNG 2—which utilises NOC Petronas’ second floating liquefaction platform, the 173,000m³ PFLNG Dua—and Croatia’s long-awaited 1.45mn t/yr Krk FSRU—an onshore project that moved offshore and has made Croatia the world’s 41st LNG importer. More projects fell by the wayside over the past 12 months than became operational. In Canada, the 0.55mn t/yr Douglas Channel project was abandoned along with the 11mn t/yr Kitimat LNG, both planned for the Kitimat area on Canada’s west coast and l
Also in this section
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
