Despite the pandemic-driven economic slowdown wreaking havoc on the global LNG market, U.S. LNG export volumes from operating terminals have proven resilient, so far. Total feedgas deliveries to the liquefaction and export facilities peaked at 9.44 Bcf/d less than a month ago and are averaging about 8.3 Bcf/d in April to date. But for many of the already-struggling second wave of U.S. liquefaction projects still under development, the one-two punch of the crude oil price crash and COVID-related lockdowns has further stymied — or in some cases even reversed — their progress toward securing long-term capacity commitments and reaching final investment decisions anytime soon. Today, we provide an update on the status of the next round of prospective LNG export projects.
Holding On for Life – Second-Wave U.S. LNG Projects Stagnate Amid Market Uncertainty
