CHEAPER U.S. LNG

Long term, US LNG, will be cheaper on a cost basis than LNG from most of the rest of the world, according to Kimball Chen, Chairman, Energy Transportation Group.

Mr. Chen, who advises governments and buyers of LNG about strategy and commercial aspects, pledged to look at US LNG in the context of different cost levels of different producers, different levels of irrationality, or pricing and revenue pressure for different sellers in his presentation at the 25th Economic Forum in Krynica, Poland in a session entitled "LNG: New Market Opportunities in the Region."

He offered: "The basic cost elements of US LNG are…