Decreasing Gas Prices Unlikely to Harm U.S. LNG Development
Posted on Sep 15, 2006 in Liquefaction, Markets and Competition, Regas Terminals & Capacity | Comments Off on Decreasing Gas Prices Unlikely to Harm U.S. LNG Development
According to London-based analyst Mostefa Ouki, the strategic objectives of LNG-producing countries will have a stronger impact on the long-term development of the U.S. LNG industry than any short-term fluctuations in U.S. natural gas prices. Ouki commented on the necessary balance between U.S. gas prices that may be too low to make importing LNG economical and sustained high gas prices that may prompt consumers to seek cheaper energy alternatives such as coal or nuclear energy. Reuters has further details.