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 export projects are being asked to accept for their supplies compared with what was agreed to for existing facilities will make it very difficult for most of them to build, Freeport LNG CEO Michael Smith said Wednesday. Smith knows the dilemma well. A preliminary agreement signed in 2018 by Japan’s Sumitomo for the purchase of 2.2 million mt/year of LNG from a proposed fourth train at his Texas facility expired without being finalized, he said in an interview with S&P Global Platts.