Interesting facts that are driving the LNG play in BC. LNG - TopicsExpress

Interesting facts that are driving the LNG play in BC. LNG Projects need to sell gas for $9 to $11 per mcf (thousand cubic feet) to break even. Long-term contract prices in Asia were typically $10 to $14 per mcf before the March 2011 Tsunami caused the Fukushima nuclear disaster in Japan. Japan shut down over 50 nuclear plants and short-term contract prices spiked to as high as $14 to $18 since. If Japan restarts its nuclear plants the price of LNG in Asia could drop back to previous levels.

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