• 6 minutes Trump vs. MbS
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes WTI @ $75.75, headed for $64 - 67
  • 7 hours US top CEO's are spending their own money on the midterm elections
  • 5 hours EU to Splash Billions on Battery Factories
  • 15 hours Petrol versus EV
  • 4 hours The Dirt on Clean Electric Cars
  • 9 hours OPEC Is Struggling To Deliver On Increased Output Pledge
  • 7 hours The Balkans Are Coming Apart at the Seams Again
  • 4 hours Satellite Moons to Replace Streetlamps?!
  • 12 hours 10 Incredible Facts about U.S. LNG
  • 5 hours Uber IPO Proposals Value Company at $120 Billion
  • 20 hours E-mopeds
  • 7 hours A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 11 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 1 day These are the world’s most competitive economies: US No. 1
Alt Text

Mexican Pipeline Delays To Impact U.S. Gas Flows

The La Laguna-Aguascalientes (LL-AGC) pipeline…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

LNG Exporters Struggling to Find Customers

Competition between exporters of liquefied natural gas is heating up. In fact, the competition is getting so fierce, that suppliers are actually beginning to see their advantage erode – buyers are finding themselves increasingly comfortable turning to the spot market to meet their energy needs, eschewing long-term contracts so coveted by exporters.

The reason is that more LNG capacity is nearing completion, and that pace will accelerate over the next two to five years. And the shifting dynamics boil down to the developments in two countries – Australia and the United States.

Major gas suppliers invested top dollar in Australia in order to make it the LNG exporter of choice for the Asia-Pacific region. And Australia was well-positioned to do so – several of the world’s largest LNG consumers – Japan and South Korea – are nearby. To top it off, China, often ranked as the largest consumer of an array of other commodities, is finally kicking its imports of LNG into high gear. Australia scrambled to serve the hungry Asian market.

However, investors in Australian LNG did not anticipate one major development: the shale revolution in the United States, which brought a tidal wave of natural gas online and caused prices to plummet.

LNG export facilities are now in the permitting phase or under construction in the United States, with the first terminal expected to come online at the end of 2015. The inauguration of Cheniere…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News