USA Today quotes President, CEO, and Chairman of Cheniere Energy Charif Souki at an Atlantic Council event on the US impact on global energy markets:
The oil-price decline relative to U.S. gas prices has eliminated the price advantage of U.S. LNG projects, reversing wide differentials that prompted Asian buyers to seek out LNG linked to the U.S. Henry Hub price.
“We’re all going to have to adapt,” Souki said at an Atlantic Council event in Washington. “I think it’s pretty unsettling, as it is now. I really can’t imagine anything that gets worse, and I speak from experience.”