Insight
Q1 2026 pre-FID project tracker: LNG expansion projects approved but investment plans set for disruption
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Seven projects have been sanctioned in the first quarter of 2026. Representing over US$40 billion of committed investment and 8 billion boe of reserves. LNG expansion projects make up the majority of committed capex so far this year. QatarEnergy signed EPC contracts for North Field West, but investment is set to be disrupted as the operator shifts focus to restarting shut-in fields and repairing damage. Elsewhere, Eni took FID on its major gas projects in Indonesia and Chevron also committed to expansion at its Leviathan field offshore Israel. Around 20 further projects could be sanctioned by the end 2026. In total we still expect around 25 to be sanctioned. Projects in the Middle East are set for delay and with reallocation of capital elsewhere difficult in the short term, investment plans are set for further change.
Table of contents
- 2026 final investment decisions so far
- What does the rest of 2026 look like?
- About the tracker
Tables and charts
This report includes the following images and tables:
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Major project FIDs in 2026
What's included
This report contains:
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