Obama Comments Seen Bolstering LNG Shipping Outlook on U.S. Gas
This article is for subscribers only.
U.S. President Barack Obama saying the country will probably become a net exporter of natural gas signals that new volumes will add demand for ships hauling the fuel in liquid form, Arctic Securities ASA said.
Obama said in Costa Rica on May 4 that he had to decide on LNG exports and how they could lower energy costs in Central America. Companies have applied for licenses to export more than 200 million metric tons of LNG a year, and firm deals totaling 41 million tons will require about 65 vessels, Erik Nikolai Stavseth, an analyst at the Oslo-based investment bank, said in a report today.