snl.com: Uncertainty surrounds growth rate for LNG imports in 2009 and beyond
April 07, 2008 5:22 PM ET
By Mark HandKathleen
EXTRACT
Eisbrenner, executive vice president of LNG at Royal Dutch Shell plc, said there are currently 17 LNG importing countries, a number that is expected to grow to 29 by 2012. The number of LNG exporting countries is expected to increase from 15 today to only 18 in 2012. LNG demand has the potential to outpace supplies in the coming decade, she said.
In the United States, Eisbrenner said FERC’s recent approval of the Broadwater Energy LNG import terminal is a “significant step” in the project’s development. The Broadwater project is a joint venture between subsidiaries of TransCanada Corp. and Shell Oil Co.
The Broadwater facility is expected to be operated as a baseload facility, Eisbrenner said, adding that LNG shipments could get diverted to the facility when spot prices are higher in the New York region than other North American trading hubs.
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