NATS Predicts 2007 U.S. LNG Imports Less than Expected
Posted on Oct 11, 2007 in Markets and Competition, Regas Terminals & Capacity | Comments Off on NATS Predicts 2007 U.S. LNG Imports Less than Expected
NATS reports that a steep drop in LNG activity and the negative price incentives embedded in the futures curves at present will likely prevent U.S. LNG imports from reaching the previously anticipated level of around 900 Bcf in 2007. Instead, NATS reports the use of LNG is likely to fall into the range of 750-800 Bcf, which would still make a record year for U.S. LNG imports. NATS notes that a report released this week by the U.S. Energy Information Administration (EIA) continues to predict imports over 900 Bcf.