EIA Lowers Projection for 2008 U.S. LNG Imports
Posted on Jun 11, 2008 in Canada & Mexico, Markets and Competition | Comments Off on EIA Lowers Projection for 2008 U.S. LNG Imports
The Energy Information Administration (EIA) lowered its previously projected total of U.S. LNG imports for 2008 from 580 Bcf to 530 Bcf in its Short-Term Energy Outlook, which would represent a 240 Bcf decline from 2007’s LNG import total. EIA also predicts U.S. LNG import levels will reach 850 Bcf in 2009, citing increased worldwide liquefaction capacity.
Separately, the Edmonton Journal suggests that decreased LNG imports to the United States could be a positive indicator for the Alberta oilpatch.