LNG

Rising demand could see return of LNG megaprojects

A new wave of greenfield LNG export projects is on the horizon, but the industry needs to keep costs and schedules under control A new wave of greenfield LNG export projects is on the horizon, but the industry needs to keep costs and schedules under control
By Andrew Walker 18 September 2018 0 32581
Freeport LNG in the US The Freeport LNG facility in the United States. (Freeport LNG Development)

A new wave of large greenfield LNG export facilities is set to be approved over the next year and a half as a combination of higher oil prices and strong demand help return investor confidence to the sector.

Projects in East Africa and Canada are finalising agreements with buyers and are hoping to take FIDs within the next 18 months. However, concerns remain over the ability of companies to deliver projects on time and on budget. Projects in the previous wave, approved at the beginning of...