Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

SUPPLY/DEMAND

LNG Market Will Be Transformed By US Demand, Says Fesharaki

LNG suppliers face a buyers market for the next three-to-five years, with low prices and demands by potential customers for fixed prices, according to Fereidun Fesharaki, President of Honolulus FACTS Inc. However, Dr Fesharaki told the Asia Oil and Gas Conference in Kuala Lumpur on 13-15 June that increasing US imports could transform LNG into a sellers market,...