Big news about natural gas! US companies that make and ship liquefied natural gas (LNG – think super-cold natural gas) are trying to raise prices. This is because building the plants to make LNG is getting more expensive.
It's like building a really big lemonade stand – the costs of the stand are going up, so they want to charge more for the lemonade. This could make US LNG less competitive with other countries.
- Companies like Mexico Pacific and Venture Global want higher prices from buyers in China.
- One company, Mexico Pacific, is having trouble with construction costs and is trying to get more money from buyers.
- Buyers in China aren't happy about paying more.
| Company | Issue | Prediction |
|---|---|---|
| Mexico Pacific | Higher construction costs | May raise prices, but buyers might buy less. |
| Venture Global | Rising liquefaction fees | Could increase fees from $2.25 to over $4 per mmBtu. |
