IEA: US gas won’t trash LNG price

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From Platts:

Exports of LNG from North America will not cut prices for Asian buyers or address fundamental supply issues in the region, the head of the International Energy Agency said Monday.

“There is one thing that Asia cannot count on — cheap, abundant gas unleashed by the [US] shale gas revolution,” said Maria van der Hoeven, executive director of the IEA.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.