Shell's final investment decision (FID) for the $30bn LNG Canada liquefied natural gas (LNG) export terminal would see the oil giant absorb the cost of the project into its own budget rather than rely on financing from large buyers. Other projects are experiencing difficulties in finding buyers, said Vivek Chandra, CEO of Texas LNG. There are plans for new projects worldwide, including in Qatar, Russia, Mozambique and Southeast Asia, as well as 2030 US terminals requiring FIDs, but buyers are stalling. LNG demand is forecast to nearly double to 550 million tonnes a year by 17.
Shell's final investment decision (FID) for the $30bn LNG Canada liquefied natural gas (LNG) export terminal would see the oil giant absorb the cost of the project into its own budget rather than rely on financing from large buyers. Other projects are experiencing difficulties in finding buyers, said Vivek Chandra, CEO of Texas LNG. There are plans for new projects worldwide, including in Qatar, Russia, Mozambique and Southeast Asia, as well as 17 US terminals requiring FIDs, but buyers are stalling. LNG demand is forecast to nearly double to 550 million tonnes a year by 2030.