Disagreement Over LNG’s Role in Meeting U.S. Energy Demands
Today’s European edition of The Wall Street Journal looks at the role of LNG in meeting consumer demands for energy in the United States. While some industry experts forecast an increase in U.S. LNG imports, the EIA says that domestic output will increase again. Don Felsinger, Sempra’s chairman and chief executive, disagrees: “[EIA is] still too optimistic.” Separately, the WSJ notes that some industry officials, such as Cheniere President Keith Meyer, believe that natural gas prices in the U.S. will draw more LNG cargos as supply increases. But with the supply in question, industry expert James Jensen says it may not be economically sound for companies to build so many LNG regasification terminals in the United States, especially because foreign liquefaction facilities and vessels are more expensive. [Subscription required]