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U.S. LNG Exports: Markets & Competitors

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Published on Oct 30, 2013

Deepa Poduval, Principal Consultant, evaluates U.S. advantages, potential markets and primary competitors in the global LNG export market. Find out more in our report: http://bit.ly/1cpX6xq

Transcript:
The U.S. is uniquely positioned to capitalize on LNG exports because, one we have the volume of shale gas that have been found here over the last 7-8 years. The second aspect that makes the U.S. so well qualified are the brownfield opportunities that we have here. 2006-2007 when we were hungry for natural gas, we built a number of terminals that were intended to bring the natural gas into the U.S. market and having those terminals on the ground gives us significant cost advantages in being able to export LNG because they share some of the same infrastructure that you need to be able to export LNG.

The largest potential markets for U.S. LNG still are the Asian markets. China has a growing LNG demand, as does India. So all of the Asian countries with both their projections of growth as well as just their lack of domestic resources make them the primary focus for much of our LNG here.

The primary competitors for U.S. LNG exports are Australia, East Africa and Canada. Australia has an advantage because they have a number of projects that are already underway. They are ahead of us in that way, but they are also extremely challenged because the level of activity that Australia has seen has also driven labor shortages and cost overruns. So they might still have some brownfield opportunities but getting a new greenfield project out of Australia will probably be very challenging.

In East Africa, there have been significant gas findings in both Mozambique as well as Tanzania. The challenges they have in modernizing those as LNG, is that they just don't have the institutional infrastructure that's needed.

Canada, specifically British Columbia, is probably our other most significant competitor. They have some of the same advantages we do in terms of shale gas and they also have proximity to the Asian markets because of their location. But they have environmental headwinds that they have to get past and cost issues as well.

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