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US access to the global LNG market

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  • Julie A. Urban

Abstract

This paper discusses US participation in the global liquefied natural gas (LNG) market. Although recent US production of natural gas is up, Canadian production is decreasing and LNG imports by the United States have been on the rise. The current US portfolio of LNG importers is described and the future prospects for each of the current importers are discussed. Changing conditions in the global marketplace have resulted in higher prices and more recent declines in US importation of LNG. With temporary increases in US domestic supply and transportation costs rising, the United States will find it increasingly difficult to compete with other global consumers of LNG. Overcapacity of regasification and high prices are pushing the industry into increased integration. Under these conditions, it seems unlikely that consumers of LNG will experience price declines. In addition, because of global reserve distribution, increased reliance on LNG may jeopardise even further US energy security. Copyright 2008 The Author. Journal compilation 2008 Organization of the Petroleum Exporting Countries.

Suggested Citation

  • Julie A. Urban, 2008. "US access to the global LNG market," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 32(3), pages 215-231, September.
    • Handle: RePEc:bla:opecrv:v:32:y:2008:i:3:p:215-231
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    References listed on IDEAS

    as
    1. James T. Jensen, 2003. "The LNG Revolution," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-45.
    2. Jean Laherrere, 2003. "Will the natural gas supply meet the demand in North America?," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, vol. 19(1), pages 1-62.
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