US LNG projects got sanctioned in ‘blistering pace’

Tuesday, 16 February 2016

Oblivious, and seemingly unfazed by the forthcoming glut in global LNG supply, an array of new liquefaction and export projects have been speedily sanctioned by US regulators the first half of the past year, in what Wood Mackenzie calls a “blistering pace”. Faced with demand destruction and a plunge in the price of contracted LNG in line with oil, US project developers started to court buyers in emerging markets as they sniff out opportunities in the Middle East/Africa [and northwest Europe.]  

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