Article on LNG exports for the Economist Intelligence Unit

July 20, 2012 at 8:08 pm
Contributed by: Chris

My first piece for the Economist Intelligence Unit (a sister publication to The Economist) is up today, discussing the outlook for U.S. LNG exports. Read it here: USA gas: fluid markets

I argue that LNG exports will be modest in the near term and questionable in the long term, given the current unprofitability of dry natural gas production and the uncertainty that implies for future production. The prospect of adding more than 50% of additional gas demand from LNG exports should give us pause (data here). Alert readers will note that this is a substantial increase from the projects that were approved back in January, when I last discussed the subject (see: The siren song of LNG exports).

Coincidentally, Platts reported today that according to Baker Hughes data, the U.S. gas rig count is now at 518, the lowest since August 1999.

 

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