Pipe dream

posted by Rick Rydell -

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Only a day after the Alaska Gasline Development Corporation blasted bad Alaska press as the problem threatening construction of the 49th state’s longest-lived pipe dream, a high-profile analyst of global markets dumped a bigger and equally negative assessment on the short-term prospects for construction of expensive, new natural gas projects.

“Cheap, abundant US supplies of natural gas combined with forecasts of growing global LNG demand early next decade are not enough to ease the uncertainty facing the next wave of LNG,” reported S&P Global Ratings.

The problem is simple micro-economics. Supply at the moment exceeds demand, and though demand is expected to grow significantly into the near future, it is going to have a hard time gobbling up all the surplus supply

Pipe dream

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Rick Rydell

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