US hopes for robust second wave of LNG supply could dim: Freeport LNG's Smith

摘要

The substantially lower fees that developers of new US LNG exportprojects are being asked to accept for their supplies compared withwhat was agreed to for existing facilities will make it very difficult formost of them to build, Freeport LNG CEO Michael Smith saidWednesday.Smith knows the dilemma well. A preliminary agreement signed in2018 by Japan’s Sumitomo for the purchase of 2.2 million mt/year ofLNG from a proposed fourth train at his Texas facility expired withoutbeing finalized, he said in an interview with S&P Global Platts.