US LNG's second wave
More US LNG export projects are nearing a green light just as earlier developments debut
The first quarter of 2019 seemed a counterintuitive time for enthusiasm over US liquefaction FIDs. Asian LNG prices were depressed. Trade tensions lingered between the United States and China. More US liquefaction projects were about to come onstream, bringing even more volume to sea. So, with all that as a backdrop, why the enthusiasm? "It all starts with demand," says Ben Nolan, an analyst at investment bank Stifel. "There had been an expectation that it was going to take a while for the market to absorb all the new liquefaction capacity, but over the last few years, the market has more than absorbed it. Three or four years ago, the expectation was that there would be ample LNG supply unti
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
