TradeWinds News: Most planned 2020 LNG project sanctions will be delayed, Poten says

8 April 2020

At least 20 planned new LNG projects which had been expected to get the greenlight this year are likely to be pushed back amid the Covid-19 pandemic, low oil prices and a challenging financing environment, Poten & Partners finance advisor Melanie Lovatt said.

Speaking in its latest in a series of LNG webinars Lovatt said much of the around 228 million tonnes per annum of new liquefaction which had been expected to be sanctioned this year will now be delayed.

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