Rising Global Demand May Lead to Decreased U.S. Imports
Posted on Jan 25, 2008 in Markets and Competition, Regas Terminals & Capacity | Comments Off on Rising Global Demand May Lead to Decreased U.S. Imports
Platts LNG Daily [subscription required] reports that despite new North American terminal capacity that is scheduled to come online this year, rising LNG demand in other areas of the world may lead to decreased U.S. imports. Executive vice president of Pace Global Energy, James Diemer, stated, “We may be put in a situation where we’re going to have to attract [LNG] (via price) rather than being the summer sponge.”