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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
Approximately 250mtpa of incremental global supply is due online between now and 2030 according to the central case by Timera Energy including 98mtpa of permitted US supply.
- The Biden administration last week paused the issuance of new non-FTA export permits potentially delaying planned US LNG export projects without DOE authorisation.
- The proposed projects at risk from the policy include VG’s Calcasieu Pass 2 & Delta LNG; Energy Transfer’s Lake Charles; Sempra’s Port Arthur phase 2; Commonwealth LNG; Cheniere Corpus Christi & Sabine Pass expansions; and Mexico Pacific’s Saguario Energia LNG.
- About 20mtpa of supply from the projects impacted have been included in Timera projections due to the levels of binding and non-binding contract cover mitigating the potential impact of the announcement.
- The policy change is a pause pending a review on the environmental impact and not a ban on future approvals, which may ultimately favour of the projects at risk. A potential reversal is possible at the end of a US election year.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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