LNG sellers may push back, but Stratas Advisors says that momentum is clearly on the buyers' side and has been for some time.
Alliance aims to move away from long-term contracts and gain flexibility
Second terminal on Baltic Sea presented as an alternative to a planned pipeline to Norway.
The U.S. started exporting gas from the Lower 48 in February 2016, when the first vessel left Cheniere Energy's Sabine Pass export terminal in Louisiana.
Government approval will allow the company to start building most of the North Montney Mainline before Petronas decides whether to commit to the Pacific NorthWest LNG project.
ExxonMobil, Shell promise the government that natural gas will be available for domestic use.
Insufficient supply of natural gas could come as early as 2018-2019.
Mexico’s commitment to developing a natural gas pipeline system was based on economic sense and is expected to prime the country for growth.
However, the need for more gas for power has arisen just as three new LNG export plants have opened in the northeast, tripling gas demand and drawing supply out of the domestic market, Reuters reported.
As the U.S. begins to export crude oil and LNG the need for infrastructure, and the massive amount of capital and expertise required to build it, are attracting private-equity investors.
FLNG projects were popular with producers in the early-2010s when gas demand and prices were rising, and before the shale revolution unlocked U.S. oil and gas reserves that crushed global energy prices.
Transaction made with nine financial institutions.