Is the World of LNG going Crazy

abarrelfullabarrelfull wrote on 14 Aug 2014 08:55
Tags: lng

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You go away on holiday, and when you come back, the world has moved on. In the world of LNG, a whole lot has happened.

In Indonesia, two projects have been given permits to proceed, both the Tangguh Expansion, and the Abadi Greenfield Project were given environmental clearance. Some of the LNG will be used domestically, but Indonesia is suffering a decline in its production volumes and needs investment.

In the USA, the final investment decision was taken for the Cameron LNG Export Terminal Project. Meanwhile, CBI announced it had been given a contract for the Golden Pass Lng Export Terminal Project.

Canada, which now has more than 10 LNG projects, [archive-lng-ltd-to-acquire-bear-head-lng-project-in-canada saw a deal where] a defunct LNG gasification project, was sold with the intention of turning it into an export terminal.

On the import side, a terminal in Puerto Rico and another in Jordan had important announcements to make.

The sector is growing rapidly, and we don't know if there will be demand for all of this LNG. Some of these investors are going to get burned.

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