EIA Revises 2008 LNG Import Projection
In its Short Term Energy Outlook, the U.S. Energy Information Administration (EIA) revised its projection of LNG imports to the United States downward to 788 Bcf in 2008, a modest 1.8% increase over 2007 import levels. The EIA cited continuing strength in the Western European and Asian markets as well as supply uncertainty as reasons for its downward revision.