High Costs Will Limit Development of LNG Spot Market, Suez's Chief Says

(Bloomberg) -- The cost of labor and raw materials to
build liquefied natural gas facilities will keep contracts
primarily long-term for the foreseeable future, Suez Energy
International SA's chief executive officer said.

``You are never going to get a full spot market with LNG,''
Dirk Beeuwsaert, the head of Suez Energy International, said in an
interview in London today. ``The costs of liquefaction,
gasification and boats for each project are so high, most of the
agreements have to be long-term.''


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