Related Articles
The Yamal peninsula, location of the proposed Obskiy LNG project
Forward article link
Share PDF with colleagues

LNG steps out of Qatar’s shadows

Investment in LNG liquefaction capacity got off to a flying start in 2021 with the North Field East expansion project. How much more can we expect?

Investment in LNG liquefaction capacity tends to come in waves, meaning the industry swings from sellers’ market to buyers’ market and back again—a cycle that, admittedly, characterises many commodities. The latest wave began in 2018, when 22mn t/yr of capacity reached FID, followed by an all-time record year in 2019 when more than 70mn t/yr was sanctioned. As 2020 began another bumper year was in prospect, with 60mn t/yr of capacity forecast to cross the finishing line. Then came Covid-19 and widespread demand destruction. As oil and gas prices crashed, appetite for investment evaporated and 2020 saw only 11 mn t/yr sanctioned—the 8mn t/yr NLNG Train 7 in Nigeria and US firm Sempra Energy’

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Restrained US shale set for cashflow pay-off
7 May 2021
Rebounding oil prices have boosted company balance sheets, but debt remains the priority over growth
Malaysia sweetens upstream deals
7 May 2021
The country is taking measures to encourage IOC interest in its latest licensing round
Murban’s long journey only beginning
6 May 2021
There will be no immediate promotion into the super league of global crude benchmarks for the Middle East’s latest challenger
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video