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Alliance Resource Partners LP Message Board

  • norris_3845 norris_3845 Apr 17, 2012 9:34 AM Flag

    Future of NG prices

    The FERC finally approved the Sabine River LNG plant. This will consume 16 million tons/year of NG. Makes sense, current price of NG in US is around $2/MM Btu and in Asia it is $7.50 - $9/MM Btu. combine this with the use of NG as a transportation fuel for large trucks and buses and I think we will start to drive NG price up.

    It will take time, the Sabine River plant will take four years to build, but it will happen. There are other LNG plants in the proposal stage.

 
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