Q2 2019 North America LNG projects update: it's been a busy quarter Report

Insight 27 June 2019

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Report summary

Following a quiet first quarter, marketing activity picked up dramatically in Q2. Some 14 mmtpa of sales were announced to support new-build capacity, mainly in the US Gulf Coast. Cheniere maintained its strong track record in train start ups and FIDs. With the ramp up in production at Corpus Christi T2, Cheniere is now flowing close to 5 bcfd to its seven producing trains at Sabine Pass and Corpus Christi. FID was announced on its ninth train, Sabine Pass T6. A key project to watch in Q3 will be Venture Global's Calcasieu Pass LNG. Its differentiated approach to plant construction could test lenders' appetite for risk. But with marketing momentum now moving to Plaquemines LNG, success at Calcasieu Pass could herald a new model of US LNG.

Recent developments
- Highlights
- Project financing
- Commercial
- EPC
- FERC Orders continue
- Train start-ups

Tables and charts

This report includes the following images and tables:

Building momentum
Sales of US LNG (mmtpa)*
Recent FIDs & Pre-FID Marketing momentum

Recent LNG EPC costs (dollars-per-tonne)*
FERC queue
US LNG terminal locations
Canada export order
Train start ups at Cameron, Elba and Freeport progressing but slower than expected
North America Terminal Start Date Assumptions