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EnvestorFirst (< 20)

Its True! LNG is the Way to Play Natural Gas!



April 11, 2012 – Comments (0) | RELATED TICKERS: COP , CQP , UNG

We have posted a couple articles recently that discussed the upside associated with Liquid Natural Gas (LNG). It looks like others are beginning to agree, and we keep reading more and more about it. What are others saying? Let’s find out Keith Schaefer’s opinion.

" “LNG is simply in high demand. and it’s not just the consequence of Fukushima,” Jon Skule Storheill, chief executive officer of Awilco LNG, toldReuters, referencing the nuclear disaster in Japan that has prompted the country to rely more heavily on LNG. “There’s Korea, there’s Taiwan, this market is just strong. Gas is clean, it’s available and it’s cheap.”

America, on the other hand, has only two export terminals. The terminal in Kenai, Alaska, which was built in the 1960s, was idled in November of last year. [At the time, ConocoPhillips'(COP) spokeswoman Natalie Lowman told The Associated Press the plant will be in preservation mode until spring 2012, at which time the company will re-examine the facility.]"


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