LNG imports to more than offset declining Canadian gas volumes - January 04, 2004

Providing coverage of Alaska and northern Canada's oil and gas industryJanuary 2004

Vol. 9, No. 1

Week of January 04, 2004

LNG imports to more than offset declining Canadian gas volumes

Net imports of natural gas from Canada will edge upwards over the next six years to 3.68 trillion cubic feet, then start a long decline over at least 15 years to about 2.5 tcf, the U.S. Energy Information Administration forecasts.

In the meantime, liquefied natural gas imports will grow to 2.16 tcf by 2010 and grow by about 16 percent a year to 4.8 tcf in 2025, the agency predicts. U.S. domestic production will increase fractionally from 19.05 tcf in 2002 to 20.5 tcf in 2010 and 21.62 tcf in 2015, while well head prices in the United States (measured in 2002 dollars) will average $3.40 per thousand cubic feet in 2010 and $4.19 in 2015.

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