North American Supply Projects FIDs: What is the long-term prospect of projects? Where do we see positive developments?

December 07, 202310:00CST

North American Supply Projects FIDs: What is the long-term prospect of projects? Where do we see positive developments?

With the share of US LNG in the global supply mix slated to rise to more than 31% by 2029, up from 22% in 2023, the long-term prospect of projects in North America have come under increasing scrutiny, as have final investment decisions (FIDs) for new LNG projects.

In order to position the US and North American LNG industry at the heart of the global market by 2030, several projects with commercial momentum will need to take FID within the next couple of years. That also means working on a backlog of projects pursuing financial support and finding customers willing to sign long-term LNG contracts – even as the demand for LNG keeps the flow of approvals going. Another key consideration that will shape the future of LNG project approvals and FIDs is the commitment to decarbonisation and how critical it will be to the success of new projects.

Against such a dynamic backdrop, the North American Supply Projects FIDs webinar highlighted the outlook for LNG / natural gas supply projects over the next years, and assessed the projects best placed to be the next wave of FIDs. Our expert speakers from Bloomberg, Energy Transfer, Fluor and CLNG also answered some of the most critical questions facing the industry.

Key takeaway points

Commercial Innovations

What commercial innovations are we seeing for structuring new projects?

Minimum Tenure

What is the minimum tenure for off takers that will still enable projects to be viable? 

Plausible Outlook

What do we see as a plausible outlook for FIDs in the next 12-24 months?

 

Growth Limits

What are the limits to growth in North America - with respect to EPC capacity, pipeline capacity and the commitment of long term off takers? 

Energy Transitions

To what extent are energy transitions in Europe and Asian markets influencing long term off takers? 

Decarbonisation

Will commitments to decarbonisation be a necessary component to new projects’ success?

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