December 2008

Trends and Resources

HP Impact: HPImpact: Tight LNG markets forecast due to project delays

Delays in liquefied natural gas (LNG) production projects in the near-term will keep the market tight for the next 15 years, according to a report from Bernstein Research. The gap between global supp..

Weirauch, Wendy, Hydrocarbon Processing Staff

Delays in liquefied natural gas (LNG) production projects in the near-term will keep the market tight for the next 15 years, according to a report from Bernstein Research. The gap between global supply and demand is set to continue, with liquefaction projects delayed by rising costs and a shortage of construction expertise, the company's quarterly report on LNG said. "The supply/demand balance is set to tighten over the next 12 years, as incremental regasification (import) capacity is likely to continue to outpace liquefaction capacity." One of the main drivers for liquefaction project delays is cost increases. Bernstein estimates that costs will rise from this year's average of $600/

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