February 2007

Trends and Resources

HP Impact: HPImpact: Energy execs profile North America's LNG industry

Over the past four years, US LNG import volumes have not been strongly related to US gas prices, according to David Hendicott, director of Global Gas LNG Strategy with ConocoPhillips. Speaking at a re..

Weirauch, Wendy, Hydrocarbon Processing Staff

Over the past four years, US LNG import volumes have not been strongly related to US gas prices, according to David Hendicott, director of Global Gas LNG Strategy with ConocoPhillips. Speaking at a recent Energy Executive forum in Houston, he explained that LNG is becoming a global market. Relative gas prices around the globe are far more important than absolute prices. Regulated markets can out-compete the US for LNG volumes. LNG is globally supply-constrained. On the global supply side, challenges include Indonesian shortfalls, cost escalations, contractor availability, political risks, environmental concerns and resource nationalism. "On the demand side, Korea is in a contracted positio

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