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WoodMac: N. America to import more LNG

01/26/2009
Imports of LNG into North America are set to increase to 4.2 bcfd in 2014 from 1.7 bcfd in 2009, according to a report by consultants Wood Mackenzie Ltd.The report forecasts North American LNG imports will rise despite increased domestic production of shale gas and the current recession that has reduced demand growth.“In light of recent history, and the longer term outlook for growth in domestic US shale gas, many industry analysts and commentators have been suggesting that the outlook for LNG imports into North America is bleak,” said WoodMac North American LNG analyst Murray Douglas.Although regasification capacity has been overbuilt, Douglas said, “The medium-term out...
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