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More than half a year after the Department of Energy (DOE) halted non-free trade (FTA) agreement permits for new U.S. LNG projects, the length of the pause and the potential impacts to the export supply outlook are still pending.
Immediately after the Biden administration ordered DOE to review its policies for authorizing more worldwide exports, the development timelines for at least 17 proposed liquefied natural gas projects fell into uncertainty. That list includes at least seven facilities proposed for the United States and Mexico that are commercially advanced, according to an NGI review of pending projects. Those seven projects amount to a combined 9.3 Bcf/d in export capacity previously expected to come online around 2030 that are now under increased risk for delays.
However, “given there are many projects with non-FTA approvals in place, and pre-final investment decision (FID) stage projects outside of the United States, near term global LNG balances remain unaffected,” International Gas Union researchers wrote in the industry group’s latest annual report.
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