Critical Trends

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The LNG industry focus on backfill and expansion projects continues, according to the latest Critical Trends report issued by Energy Intelligence's Global LNG service. Outlining some delays and risks for backfill projects, the report said that "deferred backfill only increases the need for new liquefaction capacity, where appetite for large projects has foundered." The result is improved prospects "for smaller, easier, less expensive capacity increments like modular and expansion developments." The report reviews Sempra's corporate strategy including that company's tilt toward its Cameron LNG brownfield expansion and away from the greenfield Port Arthur LNG project (LNGI Jun.29'21). The report also addresses Japan's new fuel mix targets which, as Japan slides from the No. 1 spot among LNG importers, will not make that slide worse. "Japan’s new electricity generation fuel mix targets continue to illuminate the ongoing challenge for nuclear restarts but do not represent significant new risks to LNG demand," the report said (related).

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