Three coastal LNG terminals are chasing the same offtake. Not all of them get built.
“You're choosing where to anchor LNG offtake — or whether to commit at all: which terminal is real, and what does a three-way split do to your price?”
A race between three coastal sites for a finite pool of early offtake. Whoever locks anchor contracts first reshapes the economics — and may strand a competitor.
Three sites at different readiness — operator agreements, integrated combined-cycle, incumbent demand.
A finite offtake pool split three ways pressures the price.
Government backing, environmental authorisations and the first gas-to-power contract decide it.
Calls back Week 1 — the supply gap we sized is exactly what these terminals are racing to fill.
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