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LNG Prices Shaky as DOE Approvals get NERA
The second of two Department of Energy reports on the impact of LNG exports on the US economy was published last week by NERA. These reports focus on macroeconomic impacts that do little to guarantee the investment returns of the 15 projects awaiting approval. Today we dig into the pricing mechanisms that have to work for buyers and sellers before these terminals can lock in the throughput they need to justify their investment.