US LNG export developers make their bets on ways to outlast market glut
A global market overflowing with LNG supplies is squeezing U.S. developers vying for customers and financing in 2017. But that has not deterred a slew of ventures from seeking to move ahead and sway long-term buyers to their view that the market will shift in the first part of the next decade.
The competition is fierce among pending projects seeking to outlast the current glut, with six projects under construction in the U.S., three fully permitted but lacking a final investment decision and more than a dozen representing 25 Bcf/d of capacity in the queue at the Federal Energy Regulatory Commission.
For the time being, it is a tough market for LNG export hopefuls that need long-term contracts to sanction their projects…