LNG exports bode well for US tube market

Feb 04, 2013 | 04:29 PM | Thorsten Schier

Tags  Piotr Galitzine, TMK Ipsco, pipe and tube, LNG, liquid natural gas, AMM 6th annual Steel Tube and Pipe Conference, Thorsten Schier

HOUSTON — Several planned liquid natural gas (LNG) export projects should prove positive for the domestic pipe industry as they are expected to boost prices, according to TMK Ipsco chairman Piotr Galitzine.

"My prediction is that with all the announced LNG export projects, we are going to see before the decade is out a convergence between U.S. gas prices and Western European gas prices," Galitzine said at AMM’s 6th annual Steel Tube and Pipe Conference in Houston. He pegged U.S. prices for LNG at around $3.30 per million British thermal units (mmBtu) and European prices at about $12 per mmBtu.....

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