Deutsche Bank: LNG Imports to See Strong Rise, Not Fall in 20.11

摘要

A recent Deutsche Bank (DB) report should give North American natural gas producers pause. Unlike other analysts who see US LNG imports shriveling, the Deutsche global gas team sees a coming surge in LNG imports next year that will push some US domestic production off the table and keep prices at current levels. This LNG tsunami is also behind DB lowering its fourth-quarter and, more ominously, its 2011 gas price forecasts from $6/MMBtu to $4/MMBtu and its full-year 2012 outlook from $6.25/MMBtu to $5.25/MMBtu. And even though it sees oil prices averaging $100/bbl in 2015, DB forecasts a gas price of $6/MMBtu for the year - an almost 17-to-l ratio.