Global LNG export terminals awaiting approval in 2019

19 Jun, 2019

Its announcement late on Tuesday underscored the industry's conviction that global LNG demand, particularly in Asia, will rise sharply despite a slump in prices this year.

But the race is on for LNG producers to approve their own projects before the market is deemed oversupplied.

A total of 60 million tonnes a year (mtpa) in liquefaction capacity, including Anadarko's 12.88 mtpa, has now been given the go-ahead since October 2018, when Royal Dutch Shell signed off on its 14 mtpa LNG Canada project.

That triggered a long-awaited wave of production project approvals.

Copyright Reuters, 2019

Read Comments