LNG Price Convergence Predicted for Atlantic Basin
Posted on Jul 9, 2007 in Markets and Competition | Comments Off on LNG Price Convergence Predicted for Atlantic Basin
Energy Business Review Online reports that from 1996 – 2006, LNG imports to the American market grew at 13% per year on average, compared with natural gas consumption growing at just 1.4% per year during the same period. The piece hypothesizes that this large growth rate, coupled with decentralized regulation, will make the United States the destination of choice for LNG in the Atlantic Basin and cause LNG prices in Europe and the United States to converge.