U.S. gas at $4 to $5 no longer exists
Sharif Souki, chairman of Tellurian Inc, said yesterday at the Energy Intelligence Forum in London that U.S. gas can no longer be bought for the previous low prices. He also concluded that the best way out of the energy crisis for EU countries would be to invest in the U.S. natural gas industry.
Souki said about the impossibility to buy gas for $4-$5, instead he suggested the new possible price of $10-$12 in order to justify an investment.
The chairman of Tellurian Inc. also noted that there are multi-million dollar liquefaction projects in the U.S. that have been approved but not implemented due to insufficient funding. In his opinion, investments in these projects will help to control the resource in the future.
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