(Bloomberg) — The next LNG investment cycle may be primed for a liftoff.
Royal Dutch Shell (LON:RDSa) Plc and its partners are set to announce a final investment decision on their C$40 billion ($31 billion) liquefied natural gas terminal in western Canada as early as next week, Bloomberg reported Wednesday. This would be the first FID for a greenfield, onshore export project since Russia’s Yamal LNG in December 2013, according to Fauziah Marzuki, an analyst at Bloomberg NEF.
“We think 2019 could be the biggest year of LNG FIDs ever,” Nicholas Browne, an analyst with Wood Mackenzie Ltd., said by email.
The decision may be the start of a wave of investments for major gas export projects after a supply glut and a price collapse forced the nearly five-year hiatus. Booming demand growth means that 11 projects, including LNG Canada, are likely to receive FID by the end of 2019, according to BNEF.
Read more at : https://www.investing.com/news/commodities-news/the-next-cycle-of-lng-investments-is-set-to-kick-off-in-canada-1626111
