U.S. LNG Imports Decline in First Quarter
Posted on May 5, 2006 in Markets and Competition, Regas Terminals & Capacity | Comments Off on U.S. LNG Imports Decline in First Quarter
The U.S. Office of Fossil Energy is reporting that 111.43 Bcf of LNG was imported to the U.S. in the first-quarter of 2006. According to yesterday’s Platts LNG Daily, this is a marked decline in comparison to the same period in 2005, when the U.S. imported 163.68 Bcf. It also represents the smallest first-quarter imported volumes since 2003, when only three regasification terminals were operating. Platts and industry analysts attribute the low U.S. imports to intense Asian and European competition for LNG coupled with mild winter weather in the United States. [Subscription required]