LNG

Project delays to impair US LNG ambitions

Several US liquefaction projects face significant delays as the outlook of global LNG demand becomes uncertain and volumes sourced from the US remain expensive in the Asian market Several US liquefaction projects face significant delays as the outlook of global LNG demand becomes uncertain and volumes sourced from the US remain expensive in the Asian market.
By Abhishek Kumar 23 November 2018 0 33401
Freeport LNG has pushed back exports from its first train from Q4 2018 to Q3 2019. (Freeport LNG Development, LP)

LNG from the United States is not living up to expectations. Project developers had high hopes given the cheaply available feedstock gas but the uncertainty around global LNG demand remains a challenge, and will delay several proposed developments. US LNG will need to overcome structural issues related to pricing if it is to boost its appeal on the global market.

The abundance of gas in the US, together with the impressive growth in Chinese LNG demand, has remained pivotal to the development of American export projects....