North American LNG 2006 - Market and technology analysis ...

While it is commonly known that the US has imported the majority of its crude oil for some time, it is a lesser known fact that US natural gas production has been unable to keep pace with domestic demand and that incremental increases in natural gas imports from Canada are not expected to offset future demand growth. Such market fundamentals, in addition to recent price increases, create a favorable environment for increased imports of LNG. However, greater reliance on LNG is stymied by the lack of sufficient capacity at US regasification terminals. Only five such terminals are currently operating in the US and regulatory hurdles and opposition from both public and private bodies has hindered the construction of additional regasification infrastructure. This study explores the latest developments in the US LNG market and its increasingly important role for America?s energy security. The study also considers other issues and provides a detailed evaluation of new offshore regas technologies.

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