High global natural gas prices are breaking a two-year logjam of new US liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply contracts to start construction this year, said developers and industry experts.
A Louisiana project that received a green light in 2019 was the last wholly new US plant to receive a go-ahead, benefiting from then-strong demand from China and utilities swapping to LNG from coal. A dozen others were stalled, first by the China-US trade war and then by the Covid-19 pandemic and environmental concerns.
