Tuesday, April 10, 2012

US price slide hits LNG projects as prices become more appealing | The Australian

US price slide hits LNG projects as prices become more appealing | The Australian:


AUSTRALIA'S liquefied natural gas export growth is being threatened by a continued slide in US natural gas prices that is making North American LNG projects more appealing and is set to weigh on global gas export pricing.

The continuing drop in prices comes as Britain's BG Group puts a greater emphasis on US exports than an expansion of its $20 billion Queensland Curtis LNG plant as a way to meet its medium-term LNG volume targets.

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