The Wall Street Journal: Interest, Power, Policy and Exporting U.S. Natural Gas

“The underlying principle of the liquid natural gas business is that in order for any single large, capital-intensive project ($12 billion-plus) to secure financing, there must be a buyer willing and capable of making the long-term volume and price commitment to off take LNG, allowing the project to move forward. That is no easy task because American LNG delivered to Europe may not be price-competitive against existing and already planned sources of supply. Further, Asian buyers have shown their willingness to pay a higher price than their European counterparts for the security of supply. In short, there is no guarantee that American LNG will ever reach Europe.”