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
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them