Analysis: Increased LNG Imports Could Cause U.S. Natural Gas Prices to Decline in 2009
Posted on Nov 24, 2008 in Markets and Competition | Comments Off on Analysis: Increased LNG Imports Could Cause U.S. Natural Gas Prices to Decline in 2009
An analysis released by Waterborne Energy hypothesizes that increased LNG imports to the United States, triggered by tight credit markets that are reducing global demand, may increase U.S. gas supplies and create a downward pressure on U.S. natural gas prices in 2009. Brison Bickerton, an analyst with RBS Sempra, told Reuters (available via LexisNexis) that if U.S. LNG imports increase by 1 Bcf per day next year, the increased supply could push U.S. natural gas prices down by 50 cents to one dollar. [Subscription required]