Start-up of Three New Projects Mean More Supply in 2018
12 January 2018:
New projects in Russia, the US and Cameroon were expected to start up during the final month of 2017, eventually bringing online a total of 24.95 MMt/y of nameplate capacity.
The projects show the increasingly diversified nature of liquefaction, both geographically and commercially. The first to start up, Yamal LNG, shipped its first cargo on Dec. 9. The liquefaction plant in the Russian Arctic comprises three 5.5-MMt/y trains. Another train, with capacity of 1 MMt/y is also being built. The project is backed by top Russian independent Novatek, LNG major Total, state-owned Chinese buyer and trader CNPC, as well as Chinese sovereign equity player Silk Road Fund.
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