The US’s ongoing trade war with China could stymie the growth of LNG terminals in this country.
All told, the US has 14 gas export projects totaling $118.4 billion hoping to come online by the end of 2020 but securing Chinese off-takers is at a stalemate.Federal Energy Regulatory Commission and four have received their final environmental impact statement. These 12 projects, along with two in the draft environmental impact statement stage, have anticipated final investment decisions targeted from the second half of 2019 to the end of 2020, according to public statements.
With overseas markets, most notably Asia and Europe, driving LNG demand, the US is hoping to get these contracts secured. LNG has proven to be an economical way to transport gas, as well as an attractive alternative fuel due to its lower carbon emissions and abundance.InframationDeals“Nobody’s signing contracts right now because of everything that’s happening on the political front… nobody can afford to sit still,” says one source familiar with the matter.
In order to approach banks and successfully receive commitments, projects and developers need a contract in place for at least 80% of offtake capacity. These same banks or investors want to see where the project’s revenue will be coming from, says the source.
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