Namely, a total of 33 million tpa of liquefaction capacity and $29 billion of Capex has been sanctioned so far in 2019, from Golden Pass LNG (US), Cheniere’s Sabine Pass T6 (US) and Anadarko’s Area 1 in Mozambique.

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In addition, more than 70 million tpa of capacity and $70 billion of Capex is waiting to be sanctioned during the second half of 2019. Specifically, Venture Global's 11.2 million tpa Calcasieu Pass project in Louisiana, with Capex of $5.4 billion, has sold almost all of its capacity and has received all necessary approvals to receive a FID.

Moreover, sponsored by Total, Tellurian’s Driftwood (phase 1) and Novatek’s Arctic LNG 2 are also expected to take FID in the third quarter of 2019. With ExxonMobil's and Eni's LNG greenfield experience in Africa, it is possible that the development of Mozambique Area 4 and Area 1 will be executed at the same time.

Finally, the last project Rystad Energy expects to receive a 2019 approval is Qatargas' T8 and T9. This project has the lowest breakeven price in the market out of all suggested projects at $5.20 per MMBtu.

lng sanctioning