US LNG will flow despite slimmest of margins

摘要

The market price for LNG sold ex-US Gulf will need to sink below the variable cost of production before suppliers shut in production in what is expected to be a very bearish market, an industry event in Houston heard in June. Speaking to the CWC LNG & GAS Summit in Houston, Jimmy Straughan, chief commercial officer of BP, said US LNG sellers would take price direction from European gas hubs for selling LNG as they view Europe as the clearing value for their future gas deliveries.