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AGF study finds US can compete in global LNG market
11/03/2008
The US will find that it is able to compete in global LNG markets as worldwide supplies grow and markets stabilize, a study commissioned by the American Gas Foundation concluded.In the short term, however, US LNG imports will not increase until worldwide supplies rise more, and US natural gas demand climbs, the analysis by Benjamin Schlesinger Associates said. US gas reserves have risen steadily in the last 10 years, which has helped make US LNG imports fall 50% year-to-year from late 2007 through mid-2008, Schlesinger told reporters on Oct. 28.“It’s clear we’re going to need a fair amount of LNG in the future,” he stated. “The power-generation sector is look...
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