Energy & Science
Europe Drops Another Project to Buy U.S. LNG in Green Push
- NextDecade memorandum to build LNG terminal in Ireland expires
- U.S. developers seeking to sell LNG to EU have faced setbacks
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Developers of liquefied natural gas projects in the U.S. are facing more hurdles in their plans to ship the fuel to Europe.
The latest setback is the expiry of a 2017 accord between U.S. LNG developer NextDecade Corp. and the Port of Cork to build an import terminal in Ireland. The memorandum of understanding for the floating storage and regasification unit lapsed on Dec. 31 and the port has no plan to renew it, Eamon Ryan, Ireland’s climate minister, said in response to a question from a member of parliament.