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US LNG will not cause European gas price drop: IEA economist

Posted on 11 April 2014

Despite the expected growth of US LNG exports, Europe has “no hope” of seeing gas prices near US levels due to transportation costs, Fatih Birol, the International Energy Agency’s chief economist said Thursday.
LNG transportation costs, which include liquefaction, shipping and gasification costs, will add roughly $6/MMBtu and barely close the roughly $7/MMBtu differential between US and European gas prices, Birol said during a Center for Strategic and International Studies event………………………………………..Full Article: Source


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