Crude Oil and Your LNG Project

Energy Supply

Dec 16, 2014  5

Today's question: Your argument for replacing diesel with LNG was the financial savings. Given the recent drop in the price of crude oil, what does that do to the economics of your LNG project?

Answer: Thanks for your question. It's true that the price of crude oil has dropped, but so has the price of natural gas, by about the same spread. So the fuel savings benefits for the LNG project are virtually unchanged by the latest commodity prices.

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