Link to the full source article

RSS feed source: US Energy Information Administration

In-brief analysis

February 7, 2024

Data source: U.S. Department of Energy, Office of Fossil Energy and Carbon Management, and company press releases
Note: Prospective=approved, proposed, or under construction; Ph=phase; LNG=liquefied natural gas; Exp=expansion.

Developers advanced three liquefied natural gas (LNG) projects to the construction phase in 2023, following the signing of sale and purchase agreements (SPA)—contracts specifying the terms and conditions of LNG supplies between seller and buyer—underpinning the projects. Developers signed contracts with buyers for almost 22 million metric tons per year of LNG last year, or about 3 billion cubic feet per day (Bcf/d) of natural gas, according to data from the U.S. Department of Energy (DOE) and from company websites. The volumes contracted in 2023 totaled 52% less than the contracted volumes in SPAs signed in 2022.

The final investment decisions (FID) for

Click this link to continue reading the article on the source website.