Related Articles
Interview
Forward article link
Share PDF with colleagues

Looking past the glut

Charif Souki and Martin Houston think now is the time to start building more US liquefaction capacity

Sometime early next decade the glut in liquefied natural gas will be gone and customers will be scrounging for fresh supply. Charif Souki and Martin Houston, two men with a long history in the business, will be ready. Cargoes of LNG will arrive in Europe from their plant in Louisiana, landing for a price of just $7 per 1,000 cubic feet (cf). Today’s supply surfeit doesn’t matter. The market will need their gas, and they will produce it more cheaply than anyone else on the planet. That’s the plan anyway. In today’s market it looks bold, to say the least. The world isn’t short of LNG or proposals to build more liquefaction capacity (see p16-35). The crash in seaborne-gas prices has brought a

Also in this section
Gaza gas stranded at sea
16 January 2018
Palestinians' hopes that a gas discovery made offshore 18 years ago can be developed are unlikely to be realised soon
Kuwait goes for gas
16 January 2018
Despite the perennial shadow of political turbulence, upstream gas and LNG import projects are progressing
Energy Web Atlas Releases New Features for Real-Time LNG Intelligence Service
16 January 2018
Energy Web Atlas leads the market with expanded LNG and pipeline data and improved import and annotation functions