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."For more information about this article, go to http://www.argusgasamericas.com.