LONDON, June 19 (Reuters) - U.S. energy company Anadarko APC.N has approved the construction of a $20 billion gas liquefaction and export terminal in Mozambique, reflecting a global boom in LNG trade.
Its announcement late on Tuesday underscored the industry's conviction that global LNG demand, particularly in Asia, will rise sharply despite a slump in prices this year. L2N23P05Q
But the race is on for LNG producers to approve their own projects before the market is deemed oversupplied.
A total of 60 million tonnes a year (mtpa) in liquefaction capacity, including Anadarko's 12.88 mtpa, has now been given the go-ahead since October 2018, when Royal Dutch Shell RDSa.L signed off on its 14 mtpa LNG Canada project.
That triggered a long-awaited wave of production project approvals.
Projects approved since 2018
Country/Project
Companies
FID date
Start-up Capacity
date
mtpa Mozambique LNG
Anadarko
June 2019
2024
12.88 Sabine Pass 6 (U.S.)
Cheniere
June 2019
2025
4.5 Calcasieu Pass (U.S.)
Venture Global March 2019 2022
10.00 Golden Pass (U.S.)
Exxon (NYSE:XOM), QP
Feb 2019
2024
16.00 Tortue (Senegal)
BP (LON:BP), Kosmos
Dec 2018
2022
2.5 LNG Canada
Shell
Oct 2018
2024
14.00 Corpus Christi 3 (U.S.) Cheniere
May 2018
2021
5.0
Projects slated for approval
Country/Project
Companies
FID
Start-up
Capacity
date
date
mtpa RUSSIA
Sakhalin 2 Train 3
Gazprom (MCX:GAZP), Total
2019 2021
5.0 Arctic LNG-2
Novatek, Total
Q2 2019 2023
19.8 Sakhalin 1
Rosneft, Exxon
2019 2025
6.0
UNITED STATES
Jordan Cove
Pembina
2019 2025
7.8 Freeport Train 4
Freeport
Q2 2019 2023
5.1 Driftwood
Tellurian
H1 2019 2023
27.6 Magnolia
LNG Ltd
Q4 2019 2023
10.0 Lake Charles
Shell
2019 2023
16.45 Port Arthur
Sempra
2019 2023
11.0 Rio Grande
NextDecade
Q3 2019 2023
27.0 Plaquemines
Venture Global
H2 2019 2023
20.0 Brownsville
Annova LNG
Q4 2019 2024
7.0 Cameron Parish
Commonwealth LNG
2024
9.0
CANADA
Goldboro
Pieridae Energy
Q4 2019 2024
10.0 Woodfibre
RGE Group
Q2 2019 2023
2.1
MEXICO
Costa Azul 1
Sempra
2019 2023
2.4
MIDDLE EAST & AFRICA
Nigeria
NLNG
2018
8.0 Mozambique
Exxon
2019 2024
15.2 Qatar
QP
2019 2024
32.0