That’s according to a study by Inframation, an Acuris company, that also highlights that the first wave of US LNG export facilities that filed applications in the early 2010s have mostly been operational since.
Now, 14 projects totalling $118.4bn and 145.22 million tonnes per annum (mtpa) are hoping to be included in the second wave of gas exports to come online in the next decade, according to Inframation Deals.
The Federal Energy Regulatory Commission (FERC), which oversees the regulatory process for projects, is responsible for authorising all LNG projects sitting and construction, reports Inframation.
The FERC has already approved seven of the 14 projects and five others have received their final environmental impact statement and are awaiting approval.
These 12 projects, along with two in the draft environmental impact statement stage, have anticipated final investment decisions targeted from the second half of 2019 to the end of 2020, according to public statements.
Proposed project capital expenditure of the 14 planned LNG projects in the second wave range from $1.3bn to $43.4bn.
Source: Infogram, Inframation
Historically, these deals receive commitments from upwards of 25 banks and are typically financed with a 70:30 debt-to-equity ratio, according to Inframation Deals.