Shell Expects Slower US LNG Supply Growth on Costs, Delays

Rising construction costs and legal challenges to current liquefied natural gas projects may reduce US supply growth of the super-chilled fuel through 2030, according to Shell Plc.

• Planned US gas export terminals and those already being built had been expected to help push the global LNG market into oversupply as soon as 2027, according to BloombergNEF
• But construction problems and lawsuits against approvals already issued by the Federal Energy Regulatory Commission may delay some of this new supply, Cederic Cremers, executive vice president of LNG at Shell said in an interview at the Gastech conference in Houston
  • These ...