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Troubled Waters for LNG: The COVID-19 Recession and Overproduction Derail Dramatic Expansion of Liquefied Natural Gas Terminals

Troubled Waters for LNG: The COVID-19 Recession and Overproduction Derail Dramatic Expansion of Liquefied Natural Gas Terminals

Full Title: Troubled Waters for LNG: The COVID-19 Recession and Overproduction Derail Dramatic Expansion of Liquefied Natural Gas Terminals
Author(s): Alexandra Shaykevich
Publisher(s): Environmental Integrity Project
Publication Date: October 5, 2020
Full Text: Download Resource
Description (excerpt):

According to EIP’s analysis, at least 10 proposed liquefied natural gas (LNG) export projects that have been approved for construction by regulators are now delayed by at least a year, as companies confronted by both the COVID-19 recession and the oversupply of natural gas have postponed final investment decisions.

These 10 projects with known delays include six new LNG terminals and four expansions, most along the Gulf Coast of Texas and Louisiana, with one new terminal proposed for Oregon. The projects have the potential to emit nearly 46 million tons of greenhouse gases a year — as much as ten large coal-fired power plants or nine million additional cars and trucks on America’s roads.

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