Woodside takes long view on LNG, with Asian demand in focus
“As the market has grown and evolved and become more sophisticated we’re no longer source specific and the customers are often no longer destination specific as well,” said O’Neill.
“As the market has grown and evolved and become more sophisticated we’re no longer source specific and the customers are often no longer destination specific as well,” said O’Neill.
“The combination of low fees and increasing costs mean we estimate unlevered internal rates of return (IRRs) as low as 5-6% for some projects. Based on these returns, some projects are finding it challenging to secure finance, particularly via equity raises,” said Harrison.
As European gas prices hit new record highs, US LNG producers are swinging into action on future supply.
The US will become the world’s largest LNG exporter by the end of 2022, according to the Energy Information Administration (EIA).
Cheniere Energy has signed another sales contract for LNG in support of its proposed Corpus Christi Stage 3 project.
Cheniere Energy has awarded a number of master service agreements to Worley, for work on LNG facilities on the US’ Gulf Coast.
Cheniere Energy has set out plans to provide greenhouse gas emissions data from its LNG cargoes as of 2022.
Houston-based Cheniere Energy reported soaring profits Tuesday while warning of slowing demand in Asia amid warmer winters, the rise of nuclear power and concern that the coronavirus outbreak could drag down the global economy.
The US’ Federal Energy Regulatory Commission (FERC) has approved four LNG export plans, three of which are located in Texas’ Brownsville Ship Channel.