Nicholas Newman Flame Blog September 2016
“Currently, there are over 100 liquefaction projects at various stages of construction,” says Patricia Roche, Senior Consultant of engineering, development and management firm Mott MacDonald. For instance, three new Australian projects will come online this year with most of their output destined for buyers in Asia (Japan, Korea, Malaysia, India and China) under long-term contract, says Roche. In addition, this year marks the debut of US LNG exports from Cheniere Energy’s Sabine Pass plant which has already sent cargoes to seven countries. This additional supply and consequent depressed prices are making LNG a more attractive fuel for power generation and low cost floating regasification plants have made it easier for countries to import LNG and thereby help absorb increasing supply.