Full Title: Exporting the American Renaissance: Global impacts of LNG exports from the United States
Author(s): Deloitte
Publisher(s): Deloitte
Publication Date: January 1, 2013
Full Text: Download Resource
Description (excerpt):
In a startling about-face, natural gas market forces reversed course over the past several years. Expectations that the U.S. would become a major importer of liquefied natural gas (“LNG”) have been replaced by the possibility of the U.S. becoming a major LNG exporter. As a result of a largely unforeseen surge in shale gas production, North American natural gas prices collapsed from over $10 per million British thermal units (MMBtu) in 2008, to under $3/ MMBtu at various times during 2012. However, gas prices in Asia and Europe remain strong, creating huge spreads above U.S. prices.