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NorthAmOil COMMENTARY NorthAmOil
However, PGNiG has since signed a new LNG (FLNG) project offshore Louisiana. Delfin
heads of agreement (HoA) with Sempra, paving has also benefited from recent events, signing
the way for a new SPA under which it would buy a series of new agreements over the past few
1mn tpy of LNG from Port Arthur and 2mn tpy months that are helping the project to advance.
from a proposed expansion of Cameron LNG. However, the scheme has run into various
This seems to indicate a new confidence in Sem- delays, hence the request for a further extension.
pra’s planned liquefaction capacity expansions Delfin is aiming for an FID on the project’s first
going ahead after all. vessel by the end of the year.
This was followed by another HoA that Sem-
pra signed with Williams in mid-November this What next?
year, which also paves the way for SPAs covering The expectation is that US liquefaction capacity
a combined 3mn tpy of LNG from Port Arthur will continue to grow. Indeed, in a new report,
and Cameron Phase 2. consultancy Wood Mackenzie said that as a Projects that
result of rising demand, US LNG exports were
Steps forward expected to nearly triple over the next decade. were previously
Port Arthur LNG is not the only project to take “As Europe diversifies to more secure sup- considered
steps forward recently, though other projects ply sources and international buyers across
have further to go in order to reach FID. the globe seek reliable low-cost supply, North to have a
On November 17, Commonwealth LNG America is poised to deliver,” said Wood Mac-
received its regulatory approval from the kenzie’s director for Americas gas and LNG challenging path
US Federal Energy Regulatory Commis- research, Dulles Wang.
sion (FERC) – the first such approval to be The consultancy estimates that the US cur- towards FID have
granted to a new LNG project in more than rently exports around 11bn cubic feet (312mn been picking up
two years. cubic metres) per day of LNG. By 2033, it
US federal law currently requires that LNG expects this figure to rise to 29 bcf (821 mcm) momentum.
terminals be approved unless they are seen as per day.
going against public interest. And the US’ will- The US is estimated to have been the world’s
ingness to help Europe with its energy crisis leading LNG exporter in the first half of 2022.
and its efforts to reduce dependence on Rus- While Qatar is working to expand its lique-
sia means that new LNG project applications faction capacity and regain the top spot, the
are currently well-placed to be expedited and US looks increasingly likely to continue being
approved. a major player in the global LNG market as
Also in November, the FERC granted Delfin security of supply and diversification remain
LNG an extension to build its planned floating in the spotlight.
Week 47 24•November•2022 www. NEWSBASE .com P5
