As LNG Market Globalizes, Overseas Developments Could Affect LNG Supplies to United States
Posted on Sep 12, 2007 in Markets and Competition | Comments Off on As LNG Market Globalizes, Overseas Developments Could Affect LNG Supplies to United States
Jim Duncan, market research director for ConocoPhillips, told attendees at the LDC Forum in Chicago that as more supplies move towards European markets and Japanese demand rises, fewer LNG shipments are likely to reach North America. According to Duncan, overseas developments ranging from European market fluctuations to storage constraints in South Korea will have an increasing impact...
EIA: LNG Imports to United States Expected to Rise in 2007, 2008
Posted on Sep 12, 2007 in Markets and Competition | Comments Off on EIA: LNG Imports to United States Expected to Rise in 2007, 2008
Platts LNG Daily reports that the U.S. Energy Information Administration (EIA) predicts that LNG imports to the United States will climb by 47% in 2007 over 2006, and another 19% in 2008. However, the EIA also notes that LNG shipments to the United States will likely decline in the third and fourth quarters of 2007 due to increased global LNG demand before climbing again in 2008....
United States Continues to Attract LNG Cargos Despite Low Gas Prices
Posted on Sep 12, 2007 in Markets and Competition | Comments Off on United States Continues to Attract LNG Cargos Despite Low Gas Prices
World Gas Intelligence offers an analysis of the current U.S. gas market, reporting that the United States continues to draw LNG cargos despite higher gas prices in Europe and Asia. WGI suggests that relatively small storage capacity in Europe and Asia may be a contributing factor. [Subscription...
NATS: As Summer Ends in the United States, LNG Imports Decline
Posted on Sep 11, 2007 in Markets and Competition | Comments Off on NATS: As Summer Ends in the United States, LNG Imports Decline
NATS’ LNG Week in Review [subscription required] reports that, as warm summer weather has abated across the United States, LNG import volumes have declined. NATS predicts that gas prices will favor European destinations for LNG until next...
Analysis: U.S. LNG Imports Could Rise by 40% in 2008
Posted on Sep 10, 2007 in Markets and Competition | Comments Off on Analysis: U.S. LNG Imports Could Rise by 40% in 2008
An analysis released by Tudor Pickering predicted that global LNG supplies will grow by 25% in 2008, spurring a 40% increase of LNG imports to the United States. However, a U.K.-based consultant disagreed with Tudor Pickering’s conclusion, stating that their report does not adequately account for start-up delays and lag time before projects meet their full output capacity. Platts...
Citing Industry Reports, Analyst Cautious About Gas Prices
Posted on Sep 10, 2007 in Markets and Competition | Comments Off on Citing Industry Reports, Analyst Cautious About Gas Prices
Platts LNG Daily reports that Tom Driscoll, an energy analyst with Lehman Brothers, said that he has become “more bearish” on U.S. gas prices over the past week, due in part to rising LNG imports to the United States. Driscoll said, “the bad news is that supply growth is likely to outstrip demand growth.” [Subscription required] [This post was altered on...