LNG Project FIDs and Expansion Momentum
Key Questions
What is the status of the Delfin Midstream floating LNG project?
Delfin Midstream has taken a final investment decision on the first US floating LNG project, valued at $5 billion with 4.4 mtpa capacity and a planned 2030 start. The project is backed by Vitol and BlackRock, and MOL has invested $300 million following the FID.
What expansion is planned for LNG Canada?
LNG Canada Phase 2 expansion, valued at $12.5 billion, is proceeding with Fluor leading the joint venture to double capacity to 28 mtpa. This development adds significant new supply from Canada.
What milestone was achieved at Mexico's ECA LNG project?
Sempra and TotalEnergies produced first LNG at the ECA LNG project in Mexico, marking a key milestone for Pacific Basin supply. The project strengthens regional LNG export capabilities.
Why is Cheniere advancing Sabine Pass Train 7?
Cheniere is pushing ahead with Sabine Pass Train 7 despite concerns over looming global LNG oversupply. The expansion aims to increase US export capacity further.
How is the Hormuz crisis influencing LNG decisions?
The Hormuz crisis is accelerating final investment decisions on non-Middle East LNG projects to diversify supply sources. This includes momentum for US, Canadian, and other regional developments.
Delfin Midstream took FID on first US floating LNG project ($5B, 4.4 mtpa, backed by Vitol/BlackRock, 2030 start). LNG Canada Phase 2 expansion ($12.5B) proceeds with Fluor leading JV, doubling capacity to 28 mtpa. Alaska LNG faces conflict-of-interest allegations. MOL invests $300M in Delfin FLNG. Sempra/TotalEnergies produce first LNG at Mexico's ECA LNG project, a milestone for Pacific Basin supply. Cheniere pushing Sabine Pass Train 7 despite looming oversupply. Hormuz crisis accelerating non-ME LNG FIDs.