Hoegh LNG is modifying its Florida regasification plans now that changes in the US gas market have made domestically produced LNG supply viable.
The developer said its original proposal to import LNG from foreign sources no longer holds water against US natural gas prices, which are less than one-fourth of Asian prices and around one third of those in Europe.
The recent shale gas boom and the emergence of terminal players progressing liquefaction facilities has led local subsidiary Port Dolphin Energy to come up with a new business plan.
“Port
