Wednesday, March 10, 2010

Is Bay of Fundy's Canaport LNG ready to Export?

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Analyst: North American Shale Gas Could Drive LNG to European Markets
Posted: March 10, 2010

Speaking yesterday at the Center for Strategic and International Studies in Washington, D.C., BSA Energy President Ben Schlesinger said that increased development of unconventional gas plays in North America may trigger a natural gas glut in Europe. Platts LNG Daily reports that Schlesinger predicted that as production increases from North American shale gas projects, LNG that initially was expected to be imported into the United States likely will be diverted to European destinations. [Subscription required]

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