Sliding Gas Prices May Slow LNG Projects From U.S. to Africa
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New liquefied natural gas export terminals risk delays after prices for the chilled fuel fell to five-year lows in Asia and Europe, according to the American Gas Association.
U.S. facilities approved or those close to final consent will proceed because they have purchase accords and investors, Dave McCurdy, president of AGA, said May 26 by phone from Washington. U.S. plants not yet approved may be delayed after a price rout, as well as higher build and regulatory costs, while international projects, including Mozambique LNG, could be postponed, he said.