Report Predicts U.S. LNG Imports to Rise Substantially
Posted on Jul 18, 2007 in Markets and Competition | Comments Off on Report Predicts U.S. LNG Imports to Rise Substantially
LNG imports to the United States may represent as much as 18% of the country’s gas supply by 2030, according to a report released yesterday by the National Petroleum Council. Platts LNG Daily reports that the study cites continued restrictions on domestic drilling and production as a primary reason for the increase. The report also agrees with the 2006 EIA Energy Outlook which suggested that Venezuela will likely become a major gas supplier to North America and Europe in the near future. [Subscription required]