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
28 January 2025
African nation eyes roadmap for associated gas, complicating IOCs’ oil exploration activities
27 January 2025
Regional state-owned firms are transforming their strategies and leveraging their resources to position themselves as clean energy powerhouses, and to ensure they maintain influence in a low-carbon world
27 January 2025
Asian neighbours seek resolution on territorial dispute for hydrocarbons development that has spanned decades
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
