Greenspan Says LNG Imports Will Determine Natural Gas Prices
Posted on Jun 9, 2006 in Markets and Competition | Comments Off on Greenspan Says LNG Imports Will Determine Natural Gas Prices
“At some point, LNG imports will set the price of gas in the U.S.,” former chairman of the Federal Reserve Alan Greenspan said Wednesday before the Senate Foreign Relations Committee, noting that prices should begin to reflect the marginal price of bringing gas to the U.S. He also called for more long-term supply contracts, because the LNG market “works exceptionally well” on such deals, but noted that there must be sufficient terminal capacity to attract suppliers. Wednesday’s Platts LNG Daily and today’s Lloyd’s List provide coverage of Greenspan’s remarks. [Subscriptions required]