Freeport LNG, Tellurian Chiefs Eyeing Uptick in Investments, but Short-Term Export Relief Unlikely

Executives developing liquefied natural gas (LNG) terminals on the Gulf Coast on Wednesday described a bittersweet situation, as Russia’s invasion of Ukraine has elevated the importance of export projects that up to now were fighting for capital.

On the day traditionally devoted to natural gas, panels at CERAWeek by S&P Global shifted to what LNG exporters were expecting as Europe continues to grapple with the possible absence of Russian supplies and higher commodity prices.

Sanctioning Freeport’s Fourth Train

Michael Smith, CEO of Freeport LNG Development LP, said the situation was “unfortunately” creating a strong environment for expansions. Freeport is planning a fourth train for the LNG terminal on Quintana Island near Freeport, TX. The expansion would add an...