Change in direction leaves LNG importing units idle

Less than 10 years ago, companies were rushing to develop regasification facilities, to turn chilled natural gas arriving by tanker into the U.S. its natural gaseous state for shipment to domestic consumers.

Now, as companies look to profit from selling cheap U.S. gas on the pricier international market, they’re leaving the old equipment in place — just in case the picture changes again.

“As we’ve seen over the decade, changes in the commodity market can happen quickly,” Pavel Molchanov, an analyst with Raymond James & Associates, told FuelFix reporter Ryan Holeywell in a story on HoustonChronicle.com that explores what is happening to the import facilities.