New Gas Market Fundamentals: The Prospects for Liquefied Natural Gas

New Gas Market Fundamentals: The Prospects for Liquefied Natural Gas
Authors/editors: Holloway, Milton L.
Type: journal
Publisher: Bureau of Business Research, The University of Texas at Austin
Series: Texas Business Review
Date: 2003-12
Full text: http://hdl.handle.net/2152/15177

Description

An increasingly volatile market price for U.S. natural gas, the inadequacy of domestic natural gas reserves, and the continuing development of new natural gas-based electric generation capacity have created a heightened interest in imported liquefied natural gas (LNG), and plans are underway to add more LNG to the U.S. fuel mix. Current projections of the U.S. Department of Energy show the LNG share of the U.S. gas market increasing from a current level of 0.75% to 6.1% by 2025, implying a major penetration of LNG into the U.S. gas market. What are the long-term prospects for a significant LNG market? And what impact will such a market have on Texas market conditions?

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