US LNG exporters’ FID problem
Tellurian chief warns that not all recent SPAs may be fulfilled due to challenges in getting projects financed
Existing and potential US LNG suppliers have signed as much as 50mn t/yr of SPAs with European, Asian and global portfolio players over the past seven months. But just one project, Venture Global’s Plaquemines LNG, has reached FID in the same period. US firm Tellurian might be seen as one of those developers that has contracts in place—albeit signed across ten weeks of May-July 2021 last year rather than in the flurry of activity since Russia invaded Ukraine in February—but has not announced FID. The firm stands out, though, for having a project under construction, having greenlit US services heavyweight Bechtel to start work in late March. And, as CEO Octavio Simoes told Petroleum Economist
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields