Industry Report: U.S. Natural Gas Price Increases May Attract Summer LNG Cargos
Posted on May 9, 2008 in Markets and Competition | Comments Off on Industry Report: U.S. Natural Gas Price Increases May Attract Summer LNG Cargos
In its most recent report, Waterborne Energy suggests that the 25% price increase for natural gas in the U.S. market since March may attract a “slow, steady increase [of LNG imports] through summer.” According to Reuters, the report also notes that current U.S. prices are similar to those in Spain and the United Kingdom, making it more likely that cargos from Trinidad & Tobago will seek U.S. destinations.