EIA Report Attributes Limited U.S. LNG Shipments in 2005 to Competition from European Markets
Posted on Feb 13, 2007 in Federal Regulation, Markets and Competition, Regas Terminals & Capacity | Comments Off on EIA Report Attributes Limited U.S. LNG Shipments in 2005 to Competition from European Markets
According to a report released this month by the U.S. Energy Information Administration, intense competition from European markets is partly to blame for a 3.2% decrease in U.S. LNG imports from 2004 to 2005. The agency also notes that despite its advanced regasification technology, the Excelerate Energy Bridge in the Gulf of Mexico attracted only two cargos that year. Lloyd’s List provides further coverage. [Subscription required] The EIA’s report may be found on its natural gas website.