Premium Industrial NewsEconomists Say, "In the Long Run, We're All Dead." Does That Grim Outlook Apply to Proposed LNG Terminals in the U.S.?
Economists Say, "In the Long Run, We're All Dead." Does That Grim Outlook Apply to Proposed LNG Terminals in the U.S.?
Industry Segment: Production | Word Count: 1211 Words
SUGAR LAND, TEXAS--October 23, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--While the world is expected to sharply increase its use of liquefied natural gas (LNG) over the next 15 years, that sunny outlook is cold comfort to the $75 billion of planned U.S. LNG export projects that are scheduled to begin construction by the end of 2021.
Most of those proposed projects have been delayed for years, first due to permitting issues but more recently due to the volatile LNG markets, which have caused some companies to delay making the multibillion-dollar decision to build an export facility. In effect, those developers are deferring their decision until markets firm and prices rise.
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