US LNG industry faces obstacles despite Trump’s backing

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Financial Times 11h ago

US LNG industry faces obstacles despite Trump’s backing - Financial Times

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Lower prices may deter producers from pursuing new projects that have become increasingly capital intensive.“Incentivising the US gas producer is getting tougher and tougher,” said Eugene Kim, research director at consultancy Wood Mackenzie.“The price to incentivise them has gone up because they need a higher rate of return to justify spending their capital.

This month the US Department of Energy approved Commonwealth LNG, the first major export project green lit since former president Joe Biden imposed a freeze on licences for LNG exports to non-free trade agreement (FTA) countries last year.