By CHOU HUI HONG
(Bloomberg) -- BG Groups Lake Charles
LNG project will add almost 2 Bcfd to
United States gas exports by 2021 and help limit higher prices,
Goldman Sachs Group said in a report.
The terminal will bring United States exports of liquefied
natural gas to 7.7 Bcfd, assuming 8.7 Bcfd of liquefaction
capacity is built, Goldman Sachs analyst Samantha Dart in
London said in an e-mailed report.
The US investment bank predicts the Lake Charles export project will get necessary financing
for construction, with a final
investment decision expected in 2015, according to Dart.
From the perspective of the global LNG market, this
means that the balance from 2020 will likely be softer than we
previously expected, as future demand will have more supply
available to draw from, Dart said. However, at this
point we do not expect the 2020-2023 market balance to be as
soft as in 2016-2017, when we expect global liquefaction
capacity to rise significantly.
The Lake Charles project got approval on August 7
from the Department of Energy to export LNG to countries who do
not have a free trade agreement with the US.