The search for spot

The US liquefied natural gas (LNG) market makes up only 2% of global liquefied natural gas (LNG) trade. Yet growing demand for US LNG imports is already affecting LNG physical and financial trading patterns worldwide, particularly in the spot market.

US LNG import capacity almost doubled in 2002, despite significant physical constraints. And Massachussetts firm Cambridge Energy Research Associates (Cera) expects the domestic US market to average growth of 1.1 to 1.2 billion cubic feet (b

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