Page 9: of Offshore Engineer Magazine (Sep/Oct 2025)

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MARKETS EXPLORATION y 2030, the U.S. Gulf Coast will supply over remain under construction, pre-FID opportunities are gar- 25% of global LNG production. Asian import- nering most attention. ers have concerns around high reliance on the The Ksi Lisims LNG project is expected to reach FID

B area and are accelerating proposed projects else- in H1 2026, once it has contracted the majority of its out- where. Glenfarne Group is leading the proposed Alaska put capacity. The development will harness two 6 MMtpa-

LNG project, from which CPC, PTT, and JERA have capacity near-shore FLNG units, to be constructed over signed offtake agreements. four years by Samsung, harnessing Black & Veatch lique-

The 20 MMtpa-capacity development is targeted to faction technology. While buyers’ uncertainties persist over reach FID in 2026 and benefts from low feed gas costs, the cost of the proposed Prince Rupert Gas Transmission much shorter shipping times to Asia, as well as plans to pipeline to transport the feed gas across the Western Sedi- offer buyers a range of price indices. However, players mentary Basin, LNG shipping costs into Asia could be ap- are concerned about Alaska LNG’s cost competitive- proximately $1/MMbtu lower than from U.S. Gulf Coast ness, given the necessary construction of its ~1,300 km projects. This month, Ksi Lisims LNG received its Envi- gas pipeline. ronmental Assessment Certifcate from the Government of

British Columbia.

Canadian LNG Re-Energized

Furthermore, last month, the government created its

Attention is also focused on western Canadian projects, Major Projects Offce (MPO) to streamline approvals and following the government’s reinvigorated commitment to help structure fnancing to accelerate critical Canadian grow markets for the country’s vast gas resources. While projects. The 14 MMtpa-capacity LNG Canada expansion the Shell-led LNG Canada project started up in mid-2025 is expected to reach FID next year and is the frst of fve and the Cedar LNG and Woodfbre LNG developments selected projects for MPO’s consideration.

SEPTEMBER/OCTOBER 2025 OFFSHORE ENGINEER 9