LNG Boom No Comfort as Petronas Sees Cheap U.S. Gas Fallacy

The shale boom that’s putting the U.S. on course for energy independence is providing little comfort for liquefied-natural gas consumers in Asia.

“If you want cheap gas, there is no gas,” Fereidun Fesharaki, the chairman of Facts Global Energy, an energy consultant, said at a conference in Kuala Lumpur yesterday. “You’re going to pay at least $12 to $13 per million British thermal units,” compared with about $4 in the U.S., he said.