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U.S. LNG projects hit by energy price slide

Sinking oil and gas prices have put the brakes on the development of the U.S. liquefied natural gas (LNG) industry, with planned projects being delayed or even scrapped altogether.

U.S. natural gas production has soared to record levels in recent years due to advanced drilling techniques, including hydraulic fracturing, or fracking, triggering a new LNG export market.

A halving of energy prices has dramatically changed the economics of export projects and cut investment plans, however, with only one of dozens of planned projects expected to win a final investment decision this year.

Read full article at Reuters