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Photo by: Marie D. De Jesús, Houston Chronicle / Staff photographer
The Trump administration wants more LNG, but his tariffs are making it harder to deliver.
Tariffs on materials needed to build the massive export projects along the Gulf Coast are just the latest snag for liquefied natural gas developers struggling to line up funding for costly export projects. Post-pandemic inflation, labor and equipment shortages have made it challenging for projects to advance.
Energy Transfer's Lake Charles LNG is among a handful of projects that are done or nearly done with permitting. Now they need to shore up their financing and reach what is known in the industry as a final investment decision, or FID — an announcement that means the money is in place and construction is imminent.
Others include a "phase 2" expansion of Port Arthur LNG under development by Sempra Infrastructure, Houston-based Commonwealth LNG and Woodside's Louisiana LNG — the reinvigorated project previously owned by struggling Houston-based Tellurian.
But tariffs might make some materials more expensive harder to come by.
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What We're Reading
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