Global LNG Developments

Pacific NorthWest LNG project (British Columbia) Cancelled. PETRONAS and partners killed their $36B LNG export project yesterday (July 25). “Market conditions” were cited as the reason.

Prelude FLNG Arrives in Australia. This thing is huge: It contains five times more steel than the Sydney Harbour Bridge, is almost twice as long as the Titanic and 2 1/2 times as wide.

NextDecade Completes Merger and Becomes Public Company. Trading on NASDAQ under the symbol NEXT started yesterday (July 25). Stock opened initially at $19.69, fell to about $10.00, and is trading today (09:50) at about $9.95. NEXT says that it should reach go/no-go FID decision on Rio Grande LNG project by June 30, 2019.

Categories: Australia, Canada, NextDecade

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