Prefers

For producers — and anyone else who prefers that gas prices are higher rather than lower — the good times won’t arrive until 2013. But then prices could shoot up as high as $10/MMBtu on demand strength coupled with constraints in the rig and oilfield services sector, while global markets draw liquefied natural gas (LNG) away from U.S. shores, according to analysts at Wood Mackenzie.

Much has been made of the promise of liquefied natural gas (LNG) for curing the nation’s gas supply woes. By most, LNG is seen as vital for meeting growing domestic gas demand in the face of declining domestic production.

The statutory hiatus imposed on several offshore liquefied natural gas (LNG) import terminals by the U.S. Coast Guard/Maritime Administration earlier this year is not a big concern for ExxonMobil. Spokesman Bob Davis said the company would prefer to build an onshore facility anyway and certainly will not be building all three of its remaining LNG projects.

The statutory hiatus imposed on several offshore liquefied natural gas (LNG) import terminals by the U.S. Coast Guard/Maritime Administration earlier this year is not a big concern for ExxonMobil. Spokesman Bob Davis said the company would prefer to build an onshore facility anyway and certainly will not be building all three of its remaining LNG projects.

To prosper in the new energy economy, Enron COO Jeffrey K.Skilling says oil and gas companies need to trash their traditionalbusiness models and instead reshape themselves to resemble Toyotawhen it captured the imagination and pocketbook of U.S. consumers30 years ago.