Recent reports from the IEA and the International Gas Union document a drying up of new LNG liquefaction projects after capacity additions peak at around 44mn t/year this and next year.
• The recent unprecedented boom in new plants, with some 153mn t/y of new capacity to be added over the five years to 2019 according to the IGU stats, comes on the back of an unprecedented wave of investment decisions in LNG megaprojects. But final investment decisions fell off a cliff in 2015 with the collapse in oil prices, and with them international oil and gas firms’ capex budgets (MEES, 17 June 2016). (CONTINUED - 631 WORDS)
