U.S. LNG imports halved by better Asian fuel bids
Cargoes from Atlantic basin steam east for better prices in Japan, Korea; U.S. surge in unconventional gas wells may mean long-term low prices in North America
For Petroleum News
Imports of liquefied natural gas into the United States have all but fallen off a cliff this year. Total landings will be just 350 billion to 360 billion cubic feet for 2008, according to Energy Department analysts.
Thatís less than half the amount the nation imported in 2007. Itís just a third of....
[additional news subjects in this story]
Strong Asian demand
Summer price spike
No spare cargoes
Oil price link
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