Looking past the glut
Charif Souki and Martin Houston think now is the time to start building more US liquefaction capacity
Sometime early next decade the glut in liquefied natural gas will be gone and customers will be scrounging for fresh supply. Charif Souki and Martin Houston, two men with a long history in the business, will be ready. Cargoes of LNG will arrive in Europe from their plant in Louisiana, landing for a price of just $7 per 1,000 cubic feet (cf). Today’s supply surfeit doesn’t matter. The market will need their gas, and they will produce it more cheaply than anyone else on the planet. That’s the plan anyway. In today’s market it looks bold, to say the least. The world isn’t short of LNG or proposals to build more liquefaction capacity (see p16-35). The crash in seaborne-gas prices has brought a r
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
