Low prices cloud new projects’ prospects

摘要

New liquefaction projects will struggle to move forward because of low commodity prices, weak stock markets and threats to the credit quality of buyers, according to a number of industry financiers and developers. There will be few final investment decisions on liquefaction projects for a number of years, even with private equity investment, US firm Freeport LNG’s chief executive and majority owner, Michael Smith, says. “You just cannot find and aggregate enough customers to build large facilities,” he says. “Customers that can take a half train or full train do not exist any more.”