September 26, 2012

Natural Gas Prices World Map

Natural Gas prices world map.

Source: Waterborne Energy via FERC

Natural gas price in Japan $13.8 vs $2.48 at Lake Charles in US.

Per Bloomberg 
Gas is pricey in much of the world, particularly in energy-poor Japan and South Korea. This map shows why U.S. producers are so eager to construct U.S. export facilities. October prices, in dollars per million BTUs, could reach $13.50 in Argentina and $13.80 in Japan and South Korea -- but just $2.48 at the Lake Charles LNG import facility, in Louisiana. It's so inexpensive stateside because the U.S. supply is so great and because it's trapped in markets served by North America's pipeline network.

Tags: world natural gas prices, natural gas prices worldwide, natural gas price world map, world LNG prices