Mena LNG companies may put off upcoming projects

Mena LNG companies may put off upcoming projects

The cascading impact of global LNG supply overhang coupled with reduced demand may lead companies to withhold or delay their capital spends on upcoming multi-billion-dollar gas projects, says GlobalData, a leading data and analytics company.. The financial investment decision (FID) of the project, which was expected to be in 2020, is also likely to be pushed to 2021.. The start of the Rovuma LNG project, operated by Mozambique Rovuma Venture SpA, is likely to be delayed by a year, as the current crisis has deferred its FID by a year..