Anadarko CEO Says LNG Imports May Create Downward Pressure on U.S. Natural Gas Prices
Posted on May 20, 2009 in Markets and Competition | Comments Off on Anadarko CEO Says LNG Imports May Create Downward Pressure on U.S. Natural Gas Prices
Jim Hackett, CEO of Anadarko Petroleum Corp., told Bloomberg News (carried via the Houston Chronicle) that he expects increased LNG imports to the United States will create downward pressure on U.S. natural gas prices. He said, “Our feeling is that natural gas prices have some challenges because of the LNG that may be coming this way due to our storage capability in the United States and the reduced industrial demand overseas.”