North America consumes about 6 trillion cubic feet (Tcf) of natural gas annually, but it produces 7 Tcf from conventional and unconventional sources, thereby setting the stage for the opportunity to export LNG. But the amount exported, the costs of that supply, and the exporters' netbacks are all questions still to be answered. Until that time, first-mover projects with cost advantages will win—and natural gas prices may be "messy." This analysis comes from Brian Forbes, partner at consulting firm A.T. Kearney. He spoke at Hart Energy's recent North American LNG Exports Conference in Houston.
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