High gas prices could make US LNG uncompetitive, says Fulcrum LNG chief
UNG•Fulcrum LNG CEO Jesus Bronchalo said US LNG projects could become uncompetitive if domestic natural gas prices keep rising. He said prices are likely to increase further and US LNG is among the most expensive to produce globally.
1. Prices and competitiveness
US liquefied natural gas projects could become uncompetitive if domestic natural gas prices continue rising, Fulcrum LNG CEO Jesus Bronchalo said Tuesday at a panel discussion at Rice University's Baker Institute. Bronchalo said US natural gas prices are likely to increase further and that US LNG is one of the most expensive to produce in the world.
