Survival of the fittest for US LNG projects

Although Corpus Christi LNG has received FERC approval, the global drop in oil prices is expected to create a ‘Darwinian competition’ among the other projects awaiting authorisation Although Corpus Christi LNG has received FERC approval, the global drop in oil prices is expected to create a ‘Darwinian competition’ among the other projects awaiting authorisation.
By Margaret Ryan 5 January 2015 0 14631
Cove Point LNG. The plant has FERC authorisation, but is still waiting for DOE approval. (Dominion Energy)

The US Federal Energy Regulatory Commission (FERC) has approved Cheniere Energy’s second LNG export plant at Corpus Christi in Texas, but the fate of dozens of other projects in early regulatory stages is increasingly uncertain. 

The FERC decision on the 59.5 million cubic metre per day (MMcm/d) plant brings the regulator’s approval for liquefaction capacity to 243 MMcm/d at five projects – well into the 170-340 MMcm/d range many analysts have long warned is the limit of world market demand for LNG from the United States....

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