US foot-dragging LNG producing a scare scenario

10/11/2004
The comforting feature of scare scenarios is that they seldom come true.Scare scenarios extrapolate current trends into the future without accounting for likely but unpredictable adjustments.They do, however, highlight disturbing tendencies—such as US foot-dragging in LNG development.In the proliferation of LNG export projects planned around the world, a vital factor is expected growth in US demand for natural gas.Without timely increases in US capacity to import LNG, however, a bottleneck could develop.The US will need more LNG than it imports now. Rapid depletion and leasing restrictions limit domestic production. Imports from Canada's are declining. A pipeline from the Arctic...
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