Q2 2023 North America LNG Projects Update
2023 has already seen two large-scale projects sanctioned on the US Gulf Coast, Port Arthur LNG Phase 1 and Plaquemines LNG Phase 2. NextDecade’s Rio Grande LNG Phase 1 has completed financing and looks set to soon become the third. An FID at Rio Grande would take the total capacity sanctioned in 2023 to over 35 mmtpa, eclipsing the previous record of 33 mmtpa in 2019. And FIDs may not be done there.