USA: EIA Expects 26 Percent Decline in LNG Imports This Year
U.S. liquefied natural gas imports are expected to decline by 0.2 Bcf/d (26 percent) in 2012 as higher global LNG market prices reduce LNG’s competitiveness in the U.S. market, the EIA said in its latest “Short-Term Energy Outlook”.
A small amount of LNG will continue to arrive at U.S. terminals in 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 in U.S. will average 68.2 billion cubic feet per day (Bcf/d) in 2012, an increase of 1.3 Bcf/d (2.0 percent) from 2011.
LNG World News Staff, January 11, 2012; Image: Freeport