liquifaction

A week or so ago in Part IV of the Marcellus Changes Everything series, we noted that by 2016 there would be a summer surplus of natural gas production from the Marcellus of around 3 Bcf/d. We pointed to Dominion’s Cove Point LNG proposed export terminal on the Chesapeake Bay as one likely outlet for the surplus. Dominion’s proposal is one of 14 LNG terminals being reviewed by the government for an export permit. Today we investigate how many of these terminals will be built and whether the natural gas markets sustain can such a high level of exports?