Several LNG projects shelved or cancelled in past 12 months
LNG projects aim to shrug off challenging year
Progress has been slow on both the liquefaction and regasification sides over the past 12 months, but numerous new developments are planned
LNG project activity has been muted over the past 12 months on both the export and import sides of the business. Only one of each type of development has become operational over the period: Malaysia’s 1.5mn t/yr PFLNG 2—which utilises NOC Petronas’ second floating liquefaction platform, the 173,000m³ PFLNG Dua—and Croatia’s long-awaited 1.45mn t/yr Krk FSRU—an onshore project that moved offshore and has made Croatia the world’s 41st LNG importer. More projects fell by the wayside over the past 12 months than became operational. In Canada, the 0.55mn t/yr Douglas Channel project was abandoned along with the 11mn t/yr Kitimat LNG, both planned for the Kitimat area on Canada’s west coast and l
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The March 2026 issue of Petroleum Economist is out now!
