A Sanguine Future in View for Liquefied Natural Gas
We are still bearish in our views for liquefied natural gas exports from the U.S., expecting limited construction of LNG export terminals in the lower 48 states. We estimate that, by 2017 to 2018, there will likely be no more than three or four liquefaction terminals exporting 6 billion cubic feet per day. The picture improves when you think about North America as a whole, because the state government of Alaska and the provincial government of British Columbia are strongly behind projects there.
You could look at Washington and be pessimistic that anything will happen here to relieve the glut in gas supplies. Washington is entering its summer slow season, and the pace is made slower still by the oncoming election. The Sierra Club and allied environmental groups have begun a scorched-earth campaign to stop LNG exports, going on the theory that limiting exports will also limit production and the hydraulic fracturing that is an essential element of it....333 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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