IEA Official Says Increased LNG Imports to United States Unlikely
Posted on Mar 11, 2010 in Markets and Competition | Comments Off on IEA Official Says Increased LNG Imports to United States Unlikely
Speaking at CERA Week in Houston, Nobuo Tanaka, executive director for the International Energy Agency, said that North American shale gas plays are likely to limit LNG imports to the U.S. market. Tanaka also said that increased shale gas production has been a factor in the de-linking of gas prices from crude oil prices. The Wall Street Journal [subscription required] offers further coverage.
Separately, Reuters reports that a number of energy industry executives, also speaking at CERA Week, said that they are reevaluating their companies’ activities in the LNG market as production from shale gas plays increases. However, several industry officials expect natural gas demand to increase after 2012.