Is This the Next Major Market for US LNG?

Is This the Next Major Market for US LNG?
Tim Sullivan/Alaska Railroad via AP

Natural gas producers have had little to cheer about over the past few months after prices sunk to multi-year lows amid a huge oversupply and warm weather. The slowdown could not have come at a worse time for the burgeoning U.S. LNG industry, which has experienced explosive growth over the past decade that put the nation on the cusp of becoming the world's largest LNG exporter ahead of Qatar and Australia. But now, U.S. LNG producers can afford to smile after nabbing a key customer: Turkey.

Turkey's LNG imports from the U.S. tripled during the first quarter to nearly a million tons (48 billion cubic feet of natural gas) as Ankara continued to distance itself from Russian and Iranian natural gas.

Read Full Article »


Comment
Show comments Hide Comments


Related Articles