Ken Hodge
Rystad Energy approximates that the combined investment in the industry in both countries amounts to around $63 billion, encompassing projects currently being built as well as those awaiting a final investment verdict.
Kenny Stein, vice president of the Institute for Energy Research, observes that customers are seeking other suppliers and are open to receiving more from suppliers located overseas.
The increase in investment in the LNG industry in Canada and Mexico coincides with the decrease in growth in the sector in the United States. Investment in the industry in the United States has decreased because of uncertainty caused by a temporary halt on new export licenses by US President Joe Biden's administration, as they evaluate the advantages and disadvantages of increasing gas exports, reported by the FT.
Neighboring US states are also seeking to benefit from the growing demand for LNG in Asia, leading to heightened competition in the North American market.
source: ft.com
Kenny Stein, vice president of the Institute for Energy Research, observes that customers are seeking other suppliers and are open to receiving more from suppliers located overseas.
The increase in investment in the LNG industry in Canada and Mexico coincides with the decrease in growth in the sector in the United States. Investment in the industry in the United States has decreased because of uncertainty caused by a temporary halt on new export licenses by US President Joe Biden's administration, as they evaluate the advantages and disadvantages of increasing gas exports, reported by the FT.
Neighboring US states are also seeking to benefit from the growing demand for LNG in Asia, leading to heightened competition in the North American market.
source: ft.com