Experts Say US Should Import More LNG
Posted on Feb 9, 2006 in Markets and Competition | Comments Off on Experts Say US Should Import More LNG
The United States should increase LNG imports to meet rising consumer energy demands and stabilize fluctuating natural gas prices, experts yesterday said at the CERA Week 2006 conference in Houston. “The consumer of gas in North America is going to need all the gas he can get,” said John Gass, president of Chevron’s Global Gas unit. Robert Ineson, CERA director of North American natural gas, said, “There is no Plan B. LNG is the only potential natural gas supply source big enough and timely enough to meet demand.” Read more in today’s Dallas Morning News.
Ineson also predicted that increasing LNG imports will reduce Henry Hub prices to less than $5/MMBtu between 2008 and 2010. Platts LNG Daily reports. [Subscription required]