Currently there are about 15 U.S. LNG export projects that are approved by the U.S. Department of Energy but have been stalled—most of them for years—as capital has dried up.

Known as second wave LNG projects, many are to be located along the U.S. Gulf Coast. Hundreds of millions in upfront costs have been spent developing the projects. At present, there’s little chance these costs can be recovered. Now is the time to turn these stagnating assets into viable LNG export facilities.

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