Liquefied natural gas : a Canadian perspective : an energy market assessment

World requirements for energy and natural gas are expected to increase in the near future. This energy market assessment presented an overview of global liquefied natural gas (LNG) supply and demand, and discussed the potential effects that imported LNG may have on Canadian gas markets and energy infrastructure. Regasification projects will double the world's existing LNG receiving capacity by 2015. However, LNG pricing will still be indexed to the price of crude oil and oil products in the future. LNG price differences will affect trading opportunities as well as the flow of LNG between regions. North American LNG facility development will be influenced by outlooks for continental gas supply and demand. Current declines combined with recent increases in United States natural gas production from unconventional gas resources will reduce requirements for LNG in the near future, and may have a significant impact on long-term North American and global LNG requirements. Canada's existing facilities are located competitively with other terminals. 33 figs.