LNG in World Market March 2021 LNG funding activity soared to a new high of $65 billion last year and was largely unhindered by the coronavirus pandemic. It climbed to record levels across all sectors, including export and import projects and ship finance, according to latest figures compiled by Poten (see chart). Funding totals in 2020 were boosted by the signing of agreements for liquefaction projects, including Mozambique LNG, Nigeria LNG’s Train 7, and Sempra’s Energia Costa Azul LNG export project in Mexico. ECA LNG was the only new capacity to see a final investment decision (FID) last year. While the Mozambique LNG and Nigeria LNG deals were signed by banks in 2020 and are included in 2020 funding totals, they did not reach financial close until this year. Refinancing activity was also robust, with deals concluded for Australia’s Ichthys LNG, and Cheniere and Freeport projects in the US. To read the full article, click here.