Qatar: To Declare Force Majeure On LNG For Up To Five Years -- Thursday -- March 19, 2026
Locator: 50260B.
Mideast natural gas:
******************************* Back to the Bakken
Director's Cut: North Dakota’s latest production figures from January 2026 will be
released TODAY at 10:00am CST during the March Director’s Cut.
WTI: $97.66.
New wells reporting today:
Thursday, March 19, 2026: 26 for the month, 132 for the quarter, 132 for the year,
41846, conf, BR, Rolla 6G,
41192, conf, Devon Energy, Eide 6-7 7H,
Wednesday, March 18, 2026: 24 for the month, 130 for the quarter, 130 for the year,
41029, conf, Devon Energy, Eide 6-7 6H,
40056, conf, CLR, Brakken FIU 2-6H,
RBN Energy: how LNG projects really get to FID and and what it take to be part of the Gulf Coast Wave. Link here. Archived.
The U.S. LNG industry has experienced monumental growth in the
past decade, with winter feedgas demand averaging around 18.75 Bcf/d and
expected to nearly double by 2030. But there’s also a hefty slate of
additional projects somewhere along the path to a final investment
decision (FID), each with its own hurdles and timelines. Getting across
that FID finish line is anything but simple, and not all companies have
the same criteria to get there. In today’s RBN blog, we’ll walk through
the North American LNG projects in various stages of commercial and
financial commitment and discuss what it really takes to reach FID.
First,
let’s offer a refresher. We’re at the 10-year anniversary of Lower 48
LNG exports, and since that time LNG has become the fastest growing
outlet for U.S.-sourced natural gas supply. The U.S. has around 17
Bcf/d of export capacity, and we’re on a path to about 30 Bcf/d by 2030,
driven by projects already under construction. U.S. LNG experienced a
record-breaking 2025, as feedgas demand climbed from around 14 Bcf/d in
January to 18.75 Bcf/d at the end of the year, and it will likely hit 20
Bcf/d by the end of this year.
Six new LNG projects
across five terminals reached FID in 2025. Of those, there are two new
terminals plus expansions of several projects that took FID during the
last major wave in 2022-23. Cheniere has two projects that reached FID
in 2025 under construction at its Corpus Christi Liquefaction (CCL)
facility in Gregory, TX (see light-blue diamond below): CCL Stage 3,
which includes seven Midscale trains, and CCL Midscale Trains 8 & 9,
which is essentially an expansion of Stage 3. Rio Grande LNG (dark-blue
diamond) and Port Arthur LNG (green diamond) are continuing their
projects. They both moved forward during the last major wave in 2022-23.
Rio Grande LNG is moving ahead with Trains 4 and 5. Port Arthur LNG has
sanctioned a Phase 2 expansion that will add Trains 3 and 4, one
additional storage tank and another marine berth. Venture Global’s CP2
(pink diamond) and Woodside Energy’s Louisiana LNG (orange diamond toward the top) have both started construction.
Figure 1. LNG Facilities and Planned Projects. Source: RBN.
