141. Dawning of a New Era: The LNG Story
- Author:
- Henry Lee
- Publication Date:
- 04-2005
- Content Type:
- Working Paper
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- Spurred on by higher natural gas prices and a growing demand for cleaner fuels, interest in new liquefied natural gas (LNG) facilities has mushroomed. At the end of 2004, over forty new receiving and regasification stations were being proposed in the United States, and another ten were seeking siting approvals in Mexico and Canada. Even if less than ten percent of these projects are approved and built, more than twenty percent of United States gas demand may be supplied by LNG facilities by 2012. On the production side, the number of countries contemplating the construction of liquefaction facilities has doubled, and existing producers are scurrying to build more and larger facilities.
- Topic:
- Development, Economics, Emerging Markets, and Energy Policy
- Political Geography:
- United States, Canada, and Mexico