EIA: U.S. LNG Imports Will Drop 28 Percent This Year

The U.S. Energy Information Administration (EIA) said in a report yesterday that LNG imports are expected to decline by 0.3 Bcf/d (28 percent) in 2012.

EIA predicts an average of about 0.7 Bcf/d will arrive at terminals in the United States in both 2012 and 2013, either to take advantage of temporarily high local prices due to cold snaps and disruptions or to fulfill long-term contract obligations.

EIA also said that natural gas consumption will average 68.5 billion cubic feet per day (Bcf/d) in 2012, an increase of 1.6 Bcf/d (2.4 percent) from 2011.

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LNG World News Staff, February 8, 2012; Image: Freeport