LNG

The US government has forecast average Henry Hub benchmark natural gas spot prices of $8.69 per million British thermal units in the third quarter as LNG exports rise 22 percent in 2002 with Europe being the main destination.

The US Government has issued its short-term energy outlook to take account of what it said was the second-largest daily oil price decline caused by the lack of an agreement between leading oil nations such as Saudi Arabia, Russia and other members of the Organization of Petroleum  Exporting Countries.