IEA Official: European Market Likely to Import More LNG Than United States
Posted on Nov 11, 2009 in Markets and Competition | Comments Off on IEA Official: European Market Likely to Import More LNG Than United States
Noting that unconventional gas plays in North America have generally kept gas prices low in the United States, International Energy Agency Deputy Executive Director Richard Jones told Platts LNG Daily that he expects higher LNG volumes to be delivered to European markets than to North America in the coming years. The piece also notes that European gas importers may use the more flexible LNG spot market to reduce their dependence on higher-priced natural gas imports via pipeline. [Subscription required]