Skip to content
Subscriber Only

85 Gas Projects Dying on the Vine as LNG's Promise Falls Short

  • Market only needs 5 percent of planned export projects: IHS
  • More than half of U.S. terminals may never be built: Fitch
Pipelines run from the dock to liquefied natural gas (LNG) storage tanks at the at the Korea Gas Corp. (KOGAS) LNG terminal in Tongyeong, South Korea, on Monday, April 14, 2014. Kogas is seeking to cut spot purchases of LNG as the world’s biggest commercial buyer of the fuel seeks to shield itself from a potential supply squeeze amid the country’s power shortages.
Photographer: SeongJoon Cho/Bloomberg
Updated on

Five years ago, energy companies hungry for the next big thing started planning as many as 90 terminals to send natural gas around the globe.

Now, it seems the world only needs five more.