The U.S. LNG industry has experienced monumental growth in the past decade, with winter feedgas demand averaging around 18.75 Bcf/d and expected to nearly double by 2030. But there’s also a hefty slate of additional projects somewhere along the path to a final investment decision (FID), each with its own hurdles and timelines. Getting across that FID finish line is anything but simple, and not all companies have the same criteria to get there. In today’s RBN blog, we’ll walk through the North American LNG projects in various stages of commercial and financial commitment and discuss what it really takes to reach FID.
First, let’s offer a refresher. We’re at the 10-year anniversary of Lower 48 LNG exports, and since that time LNG has become the fastest growing outlet for U.S.-sourced natural gas supply. The U.S. has around 17 Bcf/d of export capacity, and we’re on a path to about 30 Bcf/d by 2030, driven by projects already under construction. U.S. LNG experienced a record-breaking 2025, as feedgas demand climbed from around 14 Bcf/d in January to 18.75 Bcf/d at the end of the year, and it will likely hit 20 Bcf/d by the end of this year.
Six new LNG projects across five terminals reached FID in 2025. Of those, there are two new terminals plus expansions of several projects that took FID during the last major wave in 2022-23. Cheniere has two projects that reached FID in 2025 under construction at its Corpus Christi Liquefaction (CCL) facility in Gregory, TX (see light-blue diamond below): CCL Stage 3, which includes seven Midscale trains, and CCL Midscale Trains 8 & 9, which is essentially an expansion of Stage 3. Rio Grande LNG (dark-blue diamond) and Port Arthur LNG (green diamond) are continuing their projects. They both moved forward during the last major wave in 2022-23. Rio Grande LNG is moving ahead with Trains 4 and 5. Port Arthur LNG has sanctioned a Phase 2 expansion that will add Trains 3 and 4, one additional storage tank and another marine berth. Venture Global’s CP2 (pink diamond) and Woodside Energy’s Louisiana LNG (orange diamond toward the top) have both started construction.
About the song
“Greenlight” was written by Armando Perez (Pitbull), Lukasz Gottwald, Henry Walter, Tramar Dillard, and Gamal Lewis and appears as the third song on Pitbull’s tenth studio album, Climate Change. In an interview with iHeartRadio, Pitbull said the song “is for all the beautiful, sexy, sophisticated, powerful women out there.” It features guest appearances from rappers Flo Rida and Lunch Money Lewis. Released as a single in July 2016, it went to #22 on the Billboard Pop Airplay chart and #95 on the Billboard Hot 100 Singles chart. It has been certified Platinum by the Recording Industry Association of America. Produced by Dr. Luke and Cirkut, personnel on the record were: Pitbull (lead vocals), Flo Rida, Lunch Money Lewis (guest vocals), Ricky Reed, Joe Perry (guitars), Jamie Harper (bass, keyboards), Travis Barker (drums), and Angela Fisher, Alexandra Isley, Kim Johnson-Breaux, Sam Martin (backing vocals).
Climate Change was recorded at Jimmy Joker Studios in Stockholm, Sweden, and La Romana Studios in La Romana, Dominican Republic, in 2016-17. It was produced by Jimmy Joker, AJ Junior, IAMChino, Jorge Gomez, Ian Kirkpatrick, DJ White Shadow, Kronic, Wilberto Madera, Leonardo Brooks, Ricky Reed, Thomas Peyton, Dr. Luke, Cirkut, Twice as Nice, Jerome Price, Michael Mayeda, Richard Pearl, A.I. Burnet, Geranimo Schirano, Jason Evigan, The Monsters & Strangerz, Alex Ross, Calper, and Ape Drums. Released in March 2017, the album went to #12 on the Billboard Top Rap Albums chart and #29 on the Billboard 200 Albums chart. Four singles were released from the LP.
Pitbull (Armando Christian Perez) is a Cuban-American rapper, singer, songwriter, and actor. He released his debut studio album, M.I.A.M.I., in 2004. He has released 13 studio albums, a soundtrack album, four compilation albums, four EPs, and 300 singles and has sold more than 125 million records worldwide. Pitbull has won three Billboard Music Awards, two BMI Awards and a Grammy Award, and has a star on the Hollywood Walk of Fame. He has been featured in five motion pictures and nine television shows. He continues to record and tour, and will begin his North American I'm Back Tour, with Lil Jon supporting, in April.
"About the Song" -- written by Mickey McMahan , RBN Director of Musicology