Sabine Pass LNG terminal in Cameron Parish, Louisiana

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US LNG investment decisions

Since March 2026 three large US export projects have reached final investment decision: Phase 2 of CP2 LNG on 13 March, Commonwealth LNG on 15 May and Delfin's first floating liquefaction vessel on 3 June, with start-ups scheduled for 2030 and 2031.

9 articles · Updated 5 October 2026 · March to June 2026

Sabine Pass LNG terminal in Cameron Parish, Louisiana. Photo: Quintin Soloviev, CC BY 4.0.

Why it matters

The projects sanctioned in 2026 will shape US gas demand and global LNG supply into the 2030s. Their gas arrives after the current shortage, so the economics depend on the market of 2030 and 2031 rather than today's prices.

Key numbers

  • 29 MtpaCP2 LNG peak production capacity
  • 9.5 MtpaCommonwealth LNG capacity
  • 4.4 MtpaDelfin floating LNG expected capacity

Figures as quoted in our articles on this event.

Key developments

  1. Delfin Midstream takes FID on its first floating liquefaction vessel. Read our analysis

  2. Caturus takes FID on Commonwealth LNG. Read our analysis

  3. Venture Global takes FID on Phase 2 of CP2 LNG. Read our analysis

Our coverage 9 articles

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