Any LNG exporters still worried about the potential for a repeat of the collapse seen a quarter of a century ago in North American gas prices and US LNG import volumes can relax.This spring and summer's weakening prices highlight just how expensive North American supply now is.Many domestic US and,especially,Canadian operating regions need an average of 6 per million Btu or more to support drilling activity adequate to sustain even flat production rates - while it's widely assumed that ample LNG supply would be economic delivered to the US at any price above 4.50/MMBtu.
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