THINK ABOUT IT AGAIN! Its the latest PR push by the fossil fuelers.... the pushers neglect to mention that by the time sufficient export facilities are approved and built, this latest crisis will be over. The US currently has 2, countem 2, natural gas facilities in operation. One is in Alaska, and the Chenier facility in Louisiana just went online this year. There are about 20 more in line waiting for FEDERAL APPROVAL, earliest any of these would be fully operational would be between 2017-2020. Chenier is a canadian corporation. So we have a Canadian Corporation shipping American Natural Gas to ASIAN markets...... Meanwhile the political puppets in Congress are pushing for more deregulation and speed up the Fed Approval process for exports. U.S. Hopes Boom in Natural Gas Can Curb Putin nytimes/2014/03/06/world/europe/us-seeks-to-reduce-ukraines-reliance-on-russia-for-natural-gas.html?_r=0 Think US nat gas can threaten Russia? Think again cnbc/id/101481288 five years into the U.S. energy revolution, the countrys nat gas infrastructure remains underdeveloped, with barely 200 pipelines in operation. That pales in comparison with Russias sprawling network—many of which run through Ukraine, and which supply a third of Continental Europes natural gas. Theres an additional problem of scale. In 2012, Russia shipped nearly 200 billion cubic meters of natural gas abroad, according to the CIAs World Factbook, with Qatar coming in a distant second with 114 billion cubic meters. Those amounts eclipse the 46 billion cubic meters exported by the U.S. during the comparable time frame. the U.S. has a queue of 20 companies waiting for the federal government to approve LNG export facilities. The Department of Energy has approved four new terminals in the past year, a pace some industry participants consider too slow. As it stands, approximately 80 percent of the LNG exports coming online in the next few years are committed to Asia, currently the largest market for U.S. nat gas producers.
Posted on: Mon, 17 Mar 2014 09:48:34 +0000
Trending Topics
Recently Viewed Topics
© 2015