Moody’s Predicts Cancellation of Most Proposed U.S. LNG Export Terminal Projects Due to Low LNG Prices
Posted on Apr 7, 2015 in Liquefaction, LNG Exports, Markets and Competition | Comments Off on Moody’s Predicts Cancellation of Most Proposed U.S. LNG Export Terminal Projects Due to Low LNG Prices
Moody’s Investor Service has released a new report “Lower Oil Prices Cause Suppliers of Liquefied Natural Gas to Nix Projects,” which predicts that low LNG prices will result in the cancellation of most of the gas liquefaction and export terminal projects currently proposed in the United States and Canada. The report also predicts that such projects “already under construction [worldwide] will continue as planned, which will lead to excess liquefaction capacity over the rest of this decade.” Read more in the press release.