A number of offtake agreements have been signed in recent months
Gas market lifts US LNG FID prospects
The US became the world’s largest exporter of LNG last December, and recent global gas market trends bode well for the surging sector
The startup of new liquefaction capacity on the US Gulf Coast by developers during the first quarter of 2022—namely Venture Global’s 10mn t/yr Calcasieu Pass terminal and the 5mn t/yr sixth train at Cheniere Energy’s Sabine Pass—will provide a further boost for the US LNG industry. And market conditions have also improved the prospects for projects yet to reach FID. Momentum has been building for some time for certain projects thanks to offtake agreements signed in recent months with buyers that include commodity traders and—in a number of cases—Chinese companies. Cheniere and Venture Global have both secured offtake deals, as has fellow US LNG developer Tellurian, which has yet to build any
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