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Discussions covering the effects of LNG imports on US supply were hard to find at BENTEK's BENPOSIUM energy conference in Houston yesterday, illustrating a turnaround in thinking from last year.

Friday, June 11, 2010



June 11, 2010

Discussions covering the effects of LNG imports on US supply were hard to find at BENTEK's BENPOSIUM energy conference in Houston yesterday, illustrating a turnaround in thinking from last year. It's like 'crickets' one participant put it - indicating LNG was a sleeping non-event this year. Last year, opening remarks by BENTEK president Porter Bennett warned that LNG could glut the US market in 2010 as a result of increased liquefaction capacity, shrinking Atlantic transportation costs, and LNG by-product revenues. LNG is not a concern, according to Tudor, Pickering and Holt's Dave Purcell. Robert Phillips, president of Crestwood Midstream partners put it this way, "The US is going to be swimming in gas for a while."

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