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Fact Sheet: Liquefied Natural Gas (LNG)
| Added by: | benjamin |
|---|---|
| Added on: | July 25, 2009 |
| Attachment: | LNGfactsheet.pdf (106.9 KB) |
Why LNG?
97% of natural gas consumed in the U.S. is from the U.S. and Canada, transported via pipeline. However, natural gas production has peaked in North America. Over time, we’re drilling more and more, but finding less and less. Between
1998 and 2007, natural gas prices more than tripled as imports from Canada slowed and domestic production failed to keep up with demand. To feed the increasing demand, more liquefied natural gas (LNG) terminals are being proposed, to increase imports from overseas.
