Korea Gas Says U.S. Gas Exports to Affect Asian LNG Pricing
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Korea Gas Corp., the world’s biggest importer of liquefied natural gas, said U.S. policies will determine how much LNG the country exports and shipments will undermine a 40-year-old oil-linked price mechanism used in Asia.
“There is good potential for the U.S and Canada to export LNG to Asia,” Chief Executive Officer Choo Kang-Soo said in an interview today in Kuala Lumpur, where he is attending an industry conference. “How much they can ship out will depend on the policy of the U.S. and also what American people think.”