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LNG FID Tracker Q2 2023: NextDecade will sanction Rio Grande imminently
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Report summary
The foundations have been laid for significant volumes of new supply to take FID over the next two years. So far this year, FIDs have been taken on two large-scale projects and one small-scale development. Venture Global announced the final investment decision for Phase 2 of the Plaquemines LNG facility in March. The phase is 6.7 mmtpa and was sanctioned 10 months after the FID of the first 13.3 mmtpa phase. Later that month, Sempra Infrastructure Partners (Sempra Infrastructure) took FID on the 13 mmtpa Port Arthur LNG Phase 1. In mid-June, TotalEnergies, NextDecade and Global Infrastructure Partners (GIP) entered into a framework agreement which effectively allows Rio Grande to move to FID. The project has since completed financing and is targeting FID imminently. This follows the award of the main EPC contract for North Field South, representing a de facto FID for the project.
Table of contents
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Executive summary
- LNG FID Tracker Q2 2023: NextDecade will sanction Rio Grande imminently
Tables and charts
This report includes the following images and tables:
- Capacity of LNG project taking Final Investment Decisions by year
What's included
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