November 25, 2020 – S&P Global Platts
LNG Project Tracker: Mexico terminal moves ahead as 2nd US wave flounders
By Corey Paul
… Global LNG demand has also rebounded significantly from the summer doldrums, when cancellations of U.S. LNG cargoes were widespread. Feedgas deliveries to the six U.S. LNG export terminals in operation have surged past 10 Bcf/d since then, exceeding the levels before the pandemic took hold.
But significant uncertainty remains over what the export dynamics will look like after the peak winter heating season. Rising coronavirus infection rates threaten to hamper commercial and industrial gas demand. Even with the announced project delays, questions linger about how long the global gas market will take to rebalance after the economic and health crisis. Developers continue to struggle to sign sufficient long-term supply deals with LNG buyers to secure project financing.
"Weak global demand and market conditions have stalled the second wave of LNG projects, and very few projects will take FID without a sustained price recovery," David Braziel, president of research and analysis firm RBN Energy, said during a Nov. 9 LDC Gas Forums event in San Antonio.
The following is a compilation of updates to major U.S. LNG export projects in recent months..…
Read the full article here: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/lng-project-tracker-mexico-terminal-moves-ahead-as-2nd-us-wave-flounders-61401155
