Oh, boy, we're gonna build LNG terminals! Our energy problems are solved!

So--how many will be built by the end of the year, when we're gonna start really needing the stuff?

Oh.

If you looked it up on the map you would see why this would never happen.

The fact is we still have a somewhat vibrant commercial fishing fleet and I don't want it and the charming Victorian fishing town destroyed by these LNG monsters and their complementary national security state.

pete

It is weird watching all this shite happen.

I remember a time (like a few years ago) when States rights were sacrosanct in the US. The PTB are quickly changing it into "The State's right".

Actually, this depends on the liquefaction plant size and improves as the plant size increases. This is why it is uneconomical to do this for smaller gas deposits and the gas is often just flared off. The LNG liquefaction plant in Qatar/UAE is supposed spend only about 10-15% of the energy content for this.

-A

LNG imports into the UK have started again after more than 20 years,

http://www.gasmattersonline.com/news1_1.shtml

UK will soon (by Oct 2007) have a huge oversuply of natural gas which is great news.

The world is awash with natural gas and its clear that the growth in the use of natural gas will reduce the demand for oil, eeking out the worlds reserves for a bit longer (eg Middle Eastern countries such as Iran running their vehicles on natural gas means they can continue to export oil for a bit longer).

By the way, total losses of LNG are around 10% in the liquefaction plant plus about 0.1% per day for shipping - ie typically another 1% from say Middle East - plus about 1.5 % for fuel gas to reheat the LNG at a regas plant - so about 12.5% losses in the chain.

Given that natural gas is now a valuable and tradeable commodity as a result of LNG, it's being found all over the place and is is not a Middle East commodity like oil.

Not convinced. Colin Campbell expects peak gas for 2012. He may be wrong, but I would be surprised if he was so off the mark that peak gas isn't a concern for the near future.

Localized natural gas declines are looming and will be more precipitous. Particulary worrisome is Saudi Arabia as it is completely dependent on natural gas for electricity and water desalination.

pete

Same here, I am also not convinced. Back in the days yes but not now. In fact NG natural gas used to be a waste product. Oil fields quite often also have NG. So whenever an exploration company struck oil they'd just burn the NG since there was no use for it and pump the oil. However someone came up with the bright idea that NG could be used as an energy source and the rest is history.

NG used to be cheaper then prostitutes in Vietnam but now that the domestic supply of NG in North America can no longer meet demand, the US has no choice but to build LNG terminals. Or maybe somebody will build a NG pipeline across the bering strait connecting Siberia and Alaska. From there the the pipeline can be stretched all the way down to California. Now that would be a neat engineering project.

Have you heard these broadcasts?
http://www.cbc.ca/wildrosecountry/oil.html

Two of them deal with "high noon for natural gas". Seems that the number of wells is increasing much faster than the output.

Also this new article:
http://www.globalpublicmedia.com/news/428

States' rights haven't been particularly strong since before the Civil War. Since then, the Feds have had the ability to force whatever they desired on to the states. However lately I think the Feds are getting much more bold regarding what they choose to push on states..