Insight
LNG FID Tracker Q4 2022
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Report summary
So far this year 28 mmtpa of new LNG capacity has been sanctioned. Venture Global’s Plaquemines Phase 1 (13 mmtpa) and Cheniere’s Corpus Christi Stage 3 (>10 mmtpa) were the large scale FIDs. New Fortress Energy has also ordered long lead items for four of its Fast LNG units. Based on recent long-term contracts signed, more than 100 mmtpa of new LNG supply could be sanctioned before 2024. The majority will be US Gulf Coast developments. But, after selecting equity partner's will Qatar's North Field South be the first FID of 2023?
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