Universal Bioenergy Inc. (fka UBRG)

[DocLevi]

Is the Japan deal still on?

Moody's says low LNG prices will result in the cancellation of the vast majority of the nearly 30 liquefaction projects currently proposed in the US, 18 in western Canada, and four in eastern Canada.

"The drop in international oil prices relative to US natural gas prices has wiped out the price advantage US LNG projects, reversing the wide differentials of the past four years that led Asian buyers to demand more Henry Hub-linked contracts for their LNG portfolios," says Moody's Senior Vice President Mihoko Manabe.

However, projects already under construction will continue as planned, which will lead to excess liquefaction capacity over the rest of this decade. Notably, through 2017, Australia will see new capacity come online from roughly $180 billion in investments, which will result in a 25% increase in global liquefaction capacity. Likewise, the US is poised to become a net LNG exporter after the Sabine Pass Liquefaction LLC (Ba3 stable) project goes into service in the fourth quarter of 2015.
http://www.streetinsider.com/Credit+Ratings/Moodys+Sees+Vast+Majority+of+U.S.+LNG+Projects+Cancelled%3B+Chenieres+%28LNG%29+Corpus+Christi+project+Likeliest+to+Move+Forward/10438694.html

How. We smoking peace pipe.