In what can only be called a sign of the times for North American imports of liquefied natural gas (LNG), consultancy Pan EurAsian Enterprises Inc. said Monday it is no longer going to bother tracking daily sendout from nearly a dozen terminals. "There is a lot else going on in the world of global LNG that should be getting more of our attention," the firm told clients in a note.
Effective Tuesday, the firm will no longer track on a daily basis sendout from:
"As everyone is well aware, the U.S. natural gas markets have changed dramatically from the time when plans were made, and implemented, to develop a large number of LNG import terminals in the United States," Pan EurAsian said. "Most of the new terminals that were built are presently operating at or near boil-off rates.
"If any of these plants starts receiving shipments of LNG for other than re-export purposes, we will revisit the question...We will refocus our time on global LNG supply issues mainly, as well as the emergence of additional demand for LNG in new places."
The Energy Information Administration estimates that LNG imports will fall by 0.3 Bcf/d (28%) this year. It expects that an average of about 0.7 Bcf/d will arrive in the United States this year and in 2013 (mainly at the Everett LNG terminal in New England and the Elba Island terminal in Georgia), either to fulfill long-term contract obligations or to take advantage of temporarily high local prices due to cold snaps and disruptions (see Daily GPI, April 16).
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