University Expert Predicts U.S. LNG Exports Won't Be Big, But Important
U.S. exports of liquefied natural gas will happen, but volumes will be smaller than many expect, said a global gas market expert. But Ken Medlock, a Baker Institute energy fellow at Rice University in Houston, told Natural Gas Intelligence just…
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a little bit can make a difference in other ways: "When you have that artery open so there's this opportunity, all you really need is just the threat of arbitrage to begin to see markets blink." He said the U.S. will be "lucky to see more than 1 Bcf/d" of exports 10 years from now. He said he believes global arbitrage players will be active in the export market, noting that Asians and Europeans can hold U.S. storage capacity anywhere in the country and make their market strategies work through displacement.