Insight
Q1 2018 North America LNG projects update: uptick in marketing activity
Report summary
Buyers are returning to the US market in bigger numbers than they have at any time for the past three years. Some 4.2 mmtpa of long-term sales of US LNG have been agreed upon in recent months with Shell, CNPC, Trafigura and Edison. All of the deals have been with either Cheniere or Venture Global. Cheniere looks almost certain to proceed this year with Train 3 at Corpus Christi, which will be its eighth train overall. Venture Global now has 3 mmtpa in sales for its proposed Calcasieu Pass project, of which 2 mmtpa is with Shell. Shell's purchase is noteworthy given that Venture Global plans to use small-scale modular technology similar to that being installed at Elba Island LNG, where Shell is the sole offtaker.
Table of contents
-
Recent developments
- Renewed appetite for US LNG
- Stronger market sentiment puts focus back on strategic investments
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Other developments
- Regulatory progress
- Engineering
- Corporate moves
- Sabine Pass - operational issues
- Cove Point – first cargo
- Changes to start dates
Tables and charts
This report includes 7 images and tables including:
- Source: Wood Mackenzie
- Long-term, firm sales of new US LNG capacity*
- Contracted sales vs planned capacity
- Status of FERC applications
- US LNG terminal locations
- Status of Canada CEAA / BC EAO applications
- Timeline from FID to delivery (first LNG) by individual LNG train
What's included
This report contains:
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