imports

The Bush administration’s support for increased imports of liquefied natural gas (LNG) is at odds with its position against producing countries forming a worldwide gas cartel, said Rep. John Peterson (R-PA) Wednesday.

Despite five-year-old promises of significantly increased liquefied natural gas (LNG) imports in the United States, the reality is that not much has been done to transform LNG from a niche business to a mainstream operation, according to James W. Duncan, director of Structured Products for ConocoPhillips Gas & Power.

Despite five-year-old promises of significantly increased liquefied natural gas (LNG) imports in the United States, the reality is that not much has been done to transform LNG from a niche business to a mainstream operation, according to James W. Duncan, director of Structured Products for ConocoPhillips Gas & Power.

For decades the Asia-Pacific region has accounted for almost 70% of the world’s liquefied natural gas (LNG) imports, but the emergence of a plethora of projects in North America and Europe may lead to more price parity, according to an ExxonMobil Corp. executive.

With gas demand growing about 2-3%/year and gas supply struggling to meet demand, high gas prices should continue until liquefied natural gas (LNG) imports begin significant growth in 2008, Sempra Energy’s CEO Steve Baum told Wall Street financial analysts Tuesday in New York City. Prices probably won’t soften until 2008-09, Baum said.

With gas demand growing about 2-3%/year and gas supply struggling to meet demand, high gas prices should continue until liquefied natural gas (LNG) imports begin significant growth in 2008, Sempra Energy’s CEO Steve Baum told Wall Street financial analysts Tuesday in New York City. Prices probably won’t soften until 2008-09, Baum said.

Short of an abrupt and unforeseen big drop in wholesale natural gas prices, liquefied natural gas (LNG) imports promise to be a huge stimulus to investment in new natural gas infrastructure, according to the strategy outlined by Sempra Energy COO Donald Felsinger, who spoke Tuesday at the Merrill Lynch “Power & Natural Gas Leaders Conference” in New York City.

Short of an abrupt and unforeseen big drop in wholesale natural gas prices, liquefied natural gas (LNG) imports promise to be a huge stimulus to investment in new natural gas infrastructure, according to the strategy outlined by Sempra Energy COO Donald Felsinger, who spoke Tuesday at the Merrill Lynch “Power & Natural Gas Leaders Conference” in New York City.

Increasing liquefied natural gas (LNG) imports are “not really your biggest risk” over the next few years, an energy analyst told Rocky Mountain producers last Tuesday, rather it is the $5-6/Mcf price environment that could further erode demand in the industrial and power generation sectors.