Report Predicts Higher Domestic Gas Prices if U.S. LNG Exports Meet Projections
Posted on Aug 28, 2013 in LNG Exports | Comments Off on Report Predicts Higher Domestic Gas Prices if U.S. LNG Exports Meet Projections
According to Oil & Gas Journal (O&GJ), a new report by Facts Global Energy (FGE) projects U.S. LNG export volumes to be higher than U.S. gas production predictions by the U.S. Energy Information Administration (EIA), resulting in higher domestic gas prices than projected by EIA. In 2020, FGE projects U.S. LNG exports to exceed EIA production projections by 34.5 million tonnes per year (tpy). In 2030, FGE projects 50 million/tpy more than EIA’s projection. Based on FGE’s projections, the U.S. domestic gas price in 2030 could be several dollars higher than predicted by EIA.