US LNG exporters’ FID problem
Tellurian chief warns that not all recent SPAs may be fulfilled due to challenges in getting projects financed
Existing and potential US LNG suppliers have signed as much as 50mn t/yr of SPAs with European, Asian and global portfolio players over the past seven months. But just one project, Venture Global’s Plaquemines LNG, has reached FID in the same period. US firm Tellurian might be seen as one of those developers that has contracts in place—albeit signed across ten weeks of May-July 2021 last year rather than in the flurry of activity since Russia invaded Ukraine in February—but has not announced FID. The firm stands out, though, for having a project under construction, having greenlit US services heavyweight Bechtel to start work in late March. And, as CEO Octavio Simoes told Petroleum Economist

Also in this section
7 February 2025
The history of tin production and prices offers a preview of the future oil market. If correct, $35/bl could become the new normal for crude for several years without further OPEC+ intervention
7 February 2025
Changing oil demand patterns mean different downstream economics amid switch to naphtha, LPG and other petrochemicals
6 February 2025
Policy initiatives will take time to reverse declining output, and restoring investor confidence is far from certain
6 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors