Asked whether we are likely to see a second wave of LNG exports from the Lower 48 United States, Kathleen Eisbrenner, CEO of US LNG project developer NextDecade, is unequivocal. She believes that leading the second wave will be her company’s proposed 27 mtpa Rio Grande LNG project, which she claims will be the world’s most competitive. What’s more, it will become the gateway for new gas resources in the Permian and Eagle Ford basins, large enough to make Texas “a stranded gas play” – larger than Qatar from a hydrocarbon resource standpoint. Eisbrenner is convinced there will be a second wave of multiple US export projects coming on stream in the next decade. If she’s right, life is about to get even tougher for other proposed liquefaction projects around the world.
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