According to Houston-based Waterborne Energy, 2009 is shaping up to be a banner year for the LNG industry. Waterborne specializes in monitoring and analyzing the LNG industry. “Surprisingly, few industry observers are talking about this production bubble, set to dramatically shift the dynamics of the global LNG market,” says Waterborne president Steve Johnson. He adds that between November 2008 and December 2009, the forecast is for about 2,868 billion cubic feet of new LNG will be introduced to the market. “This should begin to significantly impact the U.S. LNG market by the summer of 2009,” Johnson says. He says 2008 was an anomaly, adding that U.S. LNG imports fell short of expectations due to delays in new production, rising demand and other unexpected incidents. Johnson says several LNG projects, already behind schedule, are under pressure to commission facilities and get product online. “We expect about 117 billion cubic feet per month of new LNG production to be available globally by the end of March 2009,” Johnson says. –John A. Sullivan, News Editor, Oil and Gas Investor, www.OilandGasInvestor.com, jsullivan@hartenergy.com