Increased LNG Supply Will Temper Price Volatility
Posted on Jun 22, 2006 in Markets and Competition | Comments Off on Increased LNG Supply Will Temper Price Volatility
Increased and diversified gas supply, including LNG imports, may “not necessarily” lead to a substantial decrease in the price of natural gas on the West Coast, butwill help ease price volatility, according to Northwest Gas Association executive director Dan Kirschner. He acknowledged that new sources of supply are needed to limit price fluctuations and that LNG must “be in the mix.” The importation of LNG “will create more resilience in the market to absorb shocks like Hurricane Katrina and Rita, which took off for at least a short period of time almost 80% of U.S. natural gas production,” he said. Today’s Vancouver Sun has the story.