By CHOU HUI HONG
(Bloomberg) -- BG Groups Lake Charles
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
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