LNG Investment Focus Shifts to Pacific with Multiple FIDs Expected by 2026

In 2025, approximately 85% of global LNG sanctioned supply capacity was on the US Gulf Coast, influenced by regulatory changes and export authorizations. Operators including Woodside Energy, Cheniere Energy, and Venture Global have approved new liquefaction trains.

Additional FIDs are anticipated in the US Gulf, including Commonwealth LNG by Kimmeridge. By 2030, the US Gulf and Qatar are projected to supply around 50% of global LNG. Asian importers are exploring diversification, with 70mt/yr of new capacity expected in the Pacific by 2029.

In Canada, LNG Canada is set to reach FID on its second phase in 2026. Indonesia aims to revive its LNG sector with projects like Eni's Geng North and Mubadala's South Andaman Block, while Australia plans to sanction the Browse project by 2027. In Alaska, the proposed LNG project led by Glenfarne Group awaits FID, and Timor-Leste is advancing plans for an onshore liquefaction plant.