US LNG betting on oil price recovery – TPH
The Cameron LNG project in the US. Europe is looking like an increasingly attractive destination for US cargoes. (GDF Suez)
George O’Leary is an LNG expert and the vice president of oil services, E&C and coal research at United States energy investment firm Tudor Pickering Holt (TPH). He spoke to Interfax about where the estimated 70 mtpa of US LNG export capacity will be headed by 2020 and why the country is betting on higher crude prices to find new markets for its cargoes.
Interfax: Where do you think the destination will be for the 70 mtpa of export capacity estimated to come onstream in the US by 2020?