The prospects for liquefied natural gas development in the US
Abstract
The objective of our paper is to analyze the prospects for LNG development in the US. In particular, we discuss LNG investment projects with respect to natural gas supply and demand, existing transmission infrastructure, and competing pipeline projects. At the same time potential competition between natural gas and coal in power generation is taken into account. We conclude that in the mid-term, LNG will assume an essential role in meeting US demand because of stagnating and declining domestic production in North America accompanied by an expected increase in demand for natural gas. Additional net imports will be required in the western US (mainly southern California), the Southeast, and in the Northeast--three areas of the nation that lack adequate supply. When accounting for the current status of existing natural gas infrastructure and forthcoming investments, we conclude that there should be little concern about sufficient investment incentives and supply security in the US competitive natural gas market.Download Info
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Bibliographic Info
Article provided by Elsevier in its journal Energy Policy.
Volume (Year): 36 (2008)
Issue (Month): 8 (August)
Pages: 3150-3158
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Web page: http://www.elsevier.com/locate/enpol
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References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Peter S. Reinelt & David W. Keith, 2007. "Carbon Capture Retrofits and the Cost of Regulatory Uncertainty," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 101-128.
- Johnson, Timothy L. & Keith, David W., 2004. "Fossil electricity and CO2 sequestration: how natural gas prices, initial conditions and retrofits determine the cost of controlling CO2 emissions," Energy Policy, Elsevier, vol. 32(3), pages 367-382, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Li, Yajun & Bai, Fangfang, 2010. "A policy study examining the use of imported LNG for gas-fired power generation on the southeast coast of China," Energy Policy, Elsevier, vol. 38(2), pages 896-901, February.
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