the U.S. has resulted in lower gas prices in the U.S. This has led to discussions in Asia' oil linked gas markets to import gas based on Henry Hub index. Recent high level conference in Vancouver, the Pacific Energy Summit 2013 Pacific Energy Summit 2013 convened policy makers and experts from Asia and the U.S. to discuss LNG trade relations between these regions. Receiving terminals exist in about 40 countries, including Belgium, Chile, China, the Dominican Republic, France, Greece, India, Italy, Japan, Korea, Poland, Spain, Taiwan, the UK, the US, among others. Plans exist for Bahrain, Germany, Ghana, Morocco, Philippines, Vietnam and others to also construct new receiving (regasification) terminals. LNG Project Screening Base load (large-scale, >1 MTPA) LNG projects require natural gas reserves, buyers and financing. Using proven technology and a proven contractor is extremely important for both investors and buyers. Gas reserves required: 1 tcf of gas required per Mtpa of LNG over 20 years. LNG is most cost efficiently produced in relatively large facilities due to economies of scale, at sites with marine access allowing regular large bulk shipments direct to market. This requires a secure gas supply of sufficient capacity. Ideally, facilities are located close to the gas source, to minimize the cost of intermediate transport infrastructure and gas shrinkage (fuel loss in transport). The high cost of building large LNG facilities makes the progressive development of gas sources to maximize facility utilization essential, and the life extension of existing, financially depreciated LNG facilities cost effective. Particularly when combined with lower sale prices due to large installed capacity and rising construction costs, this makes the economic screening/ justification to develop new, and especially greenfield, LNG facilities challenging, even if these could be more environmentally friendly than existing facilities with all stakeholder concerns satisfied. Due to high financial risk, it is usual to contractually secure gas supply/ concessions and gas sales for extended periods before proceeding to an investment decision. Uses The primary use of LNG is to simplify transport of natural gas from the source to a destination. On the large scale, this is done when the source and the destination are across an ocean from each other. It can also be used when adequate pipeline capacity is not available. For large-scale transport uses, the LNG is typically regassified at the receiving end and pushed into the local natural gas pipeline infrastructure. LNG can also be