LNG

Keven Dunphy

Only 3.8 percent of liquefied natural gas trading was on spot or short-term contracts in 1999, rising to 12 percent at the last estimate and to a probable 33 percent by 2011.

In having long-term supply contracts, the delivery transactions can be defined by mutual agreement.

Donald A. Norman , Thomas J. Duesterberg , US Manufacturers’ Alliance

As recently as the 1980s and 1990s, much of the industrial strength of the United States derived from its abundant supplies and efficient production of energy resources. LNG promises to be an important source for new gas supplies in the US, as well as throughout the world.

Given the difficulties in gaining approval to develop new natural gas production in areas
where gas reserves are thought to be significant and, given the expected time frame before a pipeline from Alaska’s North Slope is constructed, LNG is our best hope for adding measurably to US gas supplies in the short-to-medium term.

LNG imports into the US totaled 631 billion cubic feet in 2005, or 2.8 percent of total natural gas consumption.