LNG’s future: promise, peril

01/02/2006
Recent years have been good ones for the oil and gas industries. This year seems set to continue that trend.The LNG industry in particular certainly has reason to view events since about 2000 with affection: Driven by increased worldwide demand for natural gas, LNG’s prices have risen to record levels and floated the fortunes of many project participants with them.Despite problems in the last 2 years with supply deliverability, construction has pushed ahead for LNG carriers and LNG regasification terminals. In fact, carriers are practically in a glut, and many new terminals are regasifying at less than their capacities.But these are good problems; right? These are problems of growth...
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