new thread - future pricing, page-9

Agreed. The HH price can't stay for long at a price that makes almost the entire Marcellus uneconomic.

Another couple of points to keep in mind:

1. The US is paranoid about energy security. Their politicians won't let more than token amounts of gas be exported. We have more threat of competition from our own LNG plants than from US ones.

2. While their costs are lower than ours, one thing they can't match is that we are much closer to Asian markets which gives us a competitive advantage that offsets the cost differential somewhat.

All in all, it seems that US LNG exports will be a minor hindrance to Australian LNG exports rather than the catastrophe some are predicting.