US LNG exporters’ FID problem
Tellurian chief warns that not all recent SPAs may be fulfilled due to challenges in getting projects financed
Existing and potential US LNG suppliers have signed as much as 50mn t/yr of SPAs with European, Asian and global portfolio players over the past seven months. But just one project, Venture Global’s Plaquemines LNG, has reached FID in the same period. US firm Tellurian might be seen as one of those developers that has contracts in place—albeit signed across ten weeks of May-July 2021 last year rather than in the flurry of activity since Russia invaded Ukraine in February—but has not announced FID. The firm stands out, though, for having a project under construction, having greenlit US services heavyweight Bechtel to start work in late March. And, as CEO Octavio Simoes told Petroleum Economist

Also in this section
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
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken
23 July 2025
The country’s energy minister explains in an exclusive interview how the country is taking a pragmatic and far-sighted approach to energy security and why he has great confidence in its oil sector