LNG imports needed to meet growing US gas supply deficit

LNG will be the "swing" supply source for natural gas in the US in coming years, according to a recent research report by Prudential Securities Inc., New York. Growing US demand for natural gas is leading to increased concerns about near-term gas supply availability, and that concern has underpinned recent record gas price levels-more than $5/Mcf for average US spot and futures gas prices last week.In this environment, traditional US gas supply sources from domestic production and Canadian imports may be insufficient to meet the increasing demand, Prudential Securities said, especially in the electric utility sector."Gas-fired power generation load in the US could increase by at least 3 b...

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