Big gain seen for Asia, small loss for US from LNG exports
New York
AN impending flood of US shale gas into the global market stands to lower the price of the heating fuel in Asia by almost 5 per cent while marginally raising costs to customers at home, a study commissioned by the US Energy Department shows.
Exports of 20 billion cubic feet of US gas by 2040 may cut prices in the Asia-Pacific market by 73 cents per million British thermal units, while increasing US prices by a mere 17 cents in the same period, according to the study authored by Oxford Economics and the Centre for Energy Studies at Rice University.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Anglo rejects BHP takeover bid as significantly undervalued
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion