The market dynamics that have helped boost U.S. LNG export projects since the early spring are likely to continue, at least in part, but the next wave of terminal development will have added financing and inflationary hurdles, according to analysts with Poten & Partners.

The Houston-based consultancy has been tracking a flurry of contracting and project development milestones for U.S. liquefied natural gas exporters that has accelerated since Russia’s February invasion of Ukraine. Poten’s Sophie Tan, managing editor, said the boom in activity hit a historical high point in July, with U.S. firms inking a record-breaking total of at least 14 formal and tentative agreements for long-term offtake.

However, Tan said, the majority of the deals finalized in the months after the invasion of...