1 Country That Could Change the LNG Game
One of the reasons LNG is such a lucrative investment is the large import demand from the Asia-Pacific region. The biggest players on the demand side, of course, are China and India. Both countries imported LNG at a rate of about 1.9 billion cubic per day in 2012. One distinct difference between the two countries, though, is that BP (NYSE: BP) just announced a major gas find off the coast of India. So far, BP has found enough gas to cut Indian gas imports by 33%, and recent pricing changes from the government have made several other prospective fields economically viable.
These gas finds could potentially alter the LNG demand picture, and it could affect the decision-making process for several proposed LNG facilities going forward. Tune in to the following video, where fool.com contributor Tyler Crowe looks at how this could potentially affect LNG investments going forward.
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The article 1 Country That Could Change the LNG Game originally appeared on Fool.com.Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter: @TylerCroweFool. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.