TheGlobe.com Inc (TGLO)

[dave79]

Interesting read:https://pemedianetwork.com/petroleum-economist/articles/gas-lng/2024/outlook-2024-us-lng-the-next-wave/

Let's go Delfin! Just take FID on the 1st 3 ships and let's go! You're ready..

Three US projects look to be approaching FID as part of a next wave of projects: Venture Global’s Calcasieu Pass 2 (CP2) facility, Delfin Midstream’s first FLNG vessel and the independent Commonwealth LNG terminal. Together, the projects represent 23mt/yr of LNG capacity. All three projects have obtained FERC approval (in the case of Delfin FLNG, MARAD approval) and have either secured or are close to securing the offtake and tolling agreements needed to support FID.
The projects have also seen a burst of momentum in the past several months, with Commonwealth LNG and Delfin FLNG signing financing and offtake agreements as well as heads of agreements that may be firmed up soon, and CP2 securing FERC environmental approval.

CP2 and Commonwealth LNG will want to secure DOE approval before taking FID. Delfin LNG will need to decide if it wants to take FID in the hope that physically commencing construction will enable it to secure a necessary extension to its current commencement deadline or if it will simply apply for a new export licence, heavily delaying the project. The fate of these projects will do a great deal to help clarify the DOE's position going forward.