from NGI More than a dozen LNG projects have been approved by federal regulators but aren’t under construction yet. About half of them along the Gulf Coast are leading the pack and near securing the offtake they need to reach FID. They include Energy Transfer LP’s Lake Charles LNG, Venture Global LNG Inc.’s CP2 project, the first phase of Sempra Infrastructure’s Port Arthur LNG, NextDecade Corp’s Rio Grande LNG, and the Commonwealth and Delfin LNG projects.
“Those projects all seem like they’ve got momentum right now,” Riedl said. “Those would be some of the ones that immediately jump to the front of the page for me.”
The six projects, along with Cheniere Energy Inc.’s expansion at Corpus Christi LNG (CCL) in Texas and Venture Global’s Plaquemines LNG in Louisiana, agreed to supply a combined 6.55 Bcf/d of LNG to international buyers in 2022. The Plaquemines and CCL projects were sanctioned last year. Overall, the United States accounted for 71% of all offtake contracts signed across the world in 2022, according to NGI calculations.
The Lake Charles and Port Arthur projects have over 50% of their production locked in by buyers, according to the Energy Information Administration. Sempra said last month that all of the capacity for the first phase of Port Arthur is fully subscribed. The company expects to reach FID by the end of March.
https://www.naturalgasintel.com/investment-boom-nears-as-u-s-lng-projects-race-toward-fid/