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2015-08-05 18:15:00

UNDEFINED LNG

UNDEFINED LNG

US LNG export projects face an uncertain future despite continued discoveries and production growth, a Brookings Institution analyst said. "More liquefaction capacity may be coming than markets can absorb," warned Tim Boersma, acting director of Brookings's Energy Security and Climate Initiative.

A number of projects are moving ahead and will go into operation, he said during an Aug. 3 presentation at the US Energy Association. But competition from pipelines, new production, and other LNG export projects will combine with slower general—as well as LNG—demand growth to create a supply surplus that the International Energy Agency expects to last at least until 2017, Boersma…

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Tags: US, RUSSIA, LNG,
Chronicle:
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