Jrbarnes

Natural Gas: Clean Fuel with a Dirty Little Secret

The increase in supply of NG in the US has already caused US gas pices to fall to the $9-12 range, while international prices range in the $15-20 range. That is why the LNG is going elsewhere. International LNG will go to where it will get the best price - that is not the US. Thanks to the shale gas breakthroughs initiated in the Barnett Shale and since transferred ot other areas, the US has some of the lowest natural gas prices in the world already. Because of that, it is highly unlikely that any LNG will be coming to the US any time soon. The US is not the world's best place to be invested in an LNG terminal. Based on storage, US natural gas production has not created an oversupply, but is fully supplying demand - equilibrium, neither shortage nor surplus.