GULF OF MEXICO: THE LNG FLOOD HAS STARTED, BUT WHERE IS IT GOING? (PPT)

摘要

Con: Pretty obviously, a collapsed oil-gas price spread undermines project economics. Con: Spot LNG was already trading at low prices before oil collapsed, indicating an oversupplied market. Pro: But some markets simply need the gas, and seek the stability of North American supply with contract tolling. Pro: Importing countries tend to take a long view, so their interest will not go away. Pro: For Canada, this still means the WC abundance and the shipping proximity to Asia should pay off.