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America the Saudi Arabia of Natural Gas Shifts to Export

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America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby Graeme » Wed 14 Sep 2011, 18:13:11

America the Saudi Arabia of Natural Gas Shifts to Export Role

Nevertheless, America's natural gas infrastructure is an order of magnitude larger and more sophisticated than any other of our competitors in this business. Even though the U.S. doesn't have export facilities completed yet, that's a minor piece of the puzzle. What we do have is tremendous amounts of supply and very low prices compared to the rest of the world. We have enormous storage and production facilities that can guarantee supply for decades at fixed prices. No one else will be able to compete with that.

TER: You mentioned earlier Cheniere Energy is part of the shift from building LNG facilities for import to export. Are some other companies interesting to you in the energy export market?

PS: Yes, but first I have to tell you one more thing about Cheniere because it's so ironic. Guess how many LNG import facilities have been built in the U.S. throughout history? Four. Guess how many of them eventually went bankrupt? All of them. And why?

Because America is the Saudi Arabia of natural gas. We have the world's largest reserves of natural gas, and the world's most sophisticated production and storage facilities, by a wide margin. Coming up with a business model to bring natural gas into the U.S. would be akin to a sheik in Dubai importing sand from Chile. It just doesn't make any sense.


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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby peeker01 » Wed 14 Sep 2011, 18:23:10

It's a beautiful thing. There is hope for the future.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby seahorse3 » Wed 14 Sep 2011, 21:30:02

The fact that the US will be exporting it's NG confirms my opinion that the US is collectively incapable of transitioning off of oil and that the US will become a third world nation where it's resources are harvested and exported for others to use and enjoy. It is the opinion of Kaplan is his essay "the coming anarchy". Globalization benefits the few who have no allegiance or loyalty to noble ideas like democracy or even communism. Globalization is all about the maximization of profits for shareholders. There was an old 70s movie called rollerball where the world was ruled by corporations, we're pretty much at that point. So, when you say there is hope for the future I would say for who and for what? IRS a trend to a future I fear most
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby prajeshbhat » Wed 14 Sep 2011, 21:53:12

I bet the Pharaohs believed building larger and larger pyramids will save their empire.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby peeker01 » Thu 15 Sep 2011, 18:43:47

When I think of America's great bounty of natural gas, how come I don't think of Easter Island and
Egypt? Could it be because they have no relevance?
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby MD » Thu 15 Sep 2011, 18:48:55

Exxon Mobil had been investing heavily in LNG transport vessels. That fleet was booked to carry NG from Middle East to Asia from the first sail to the last, at least according to the initial plan.

I wonder where they are today?
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby peeker01 » Thu 15 Sep 2011, 19:37:40

Let's hope they are on the way to alleviate some poor country's dependence on expensive crude.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby JRP3 » Fri 16 Sep 2011, 18:41:57

peeker01 wrote:When I think of America's great bounty of natural gas, how come I don't think of Easter Island and
Egypt? Could it be because they have no relevance?

Or it could be that you are being as short sighted as most. America's NG reserves have been downgraded, wells are dropping production faster than expected. It's a finite resource, we probably shouldn't be sending it away.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby peeker01 » Fri 16 Sep 2011, 19:34:57

Temporary issue. Big NG discoveries waiting.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby peeker01 » Fri 16 Sep 2011, 21:18:25

Yep. As soon as the USGS punches it's first hole, I might start to pay attention.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby Keith_McClary » Sat 17 Sep 2011, 01:21:50

Seems like only yesterday, during a period of high prices and supply uncertainty, that some congressmen were demanding an accounting of US oil exports. We will soon see the same with gas.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby Serial_Worrier » Sat 17 Sep 2011, 20:13:41

We just need more fracking! We need to shove the liberals out of the way first.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby JRP3 » Sun 18 Sep 2011, 10:07:50

As long as we can put the next well in your front yard.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby Tanada » Thu 30 May 2019, 00:44:30

US energy department rebrands fossil fuels as 'molecules of freedom'

Press release from department said increasing export capacity is ‘critical to spreading freedom gas throughout the world’

America is the land of freedom, as any politician will be happy to tell you. What you don’t hear quite so often is that the stuff under the land is also apparently made of freedom as well. That is, at least according to a news release this week from the Department of Energy (DoE).

Mark W Menezes, the US undersecretary of energy, bestowed a peculiar honorific on our continent’s natural resources, dubbing it “freedom gas” in a release touting the DoE’s approval of increased exports of natural gas produced by a Freeport LNG terminal off the coast of Texas.

“Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy,” he said.

The concept of “freedom gas” may seem amorphous, but it’s actually being measured down to the smallest unit.

“With the US in another year of record-setting natural gas production, I am pleased that the Department of Energy is doing what it can to promote an efficient regulatory system that allows for molecules of US freedom to be exported to the world,” said Steven Winberg.

It’s unclear if members of the Trump administration attempting to assign patriotic intentions to natural gas are aware of the silliness of the concept, but Rick Perry seems to believe in it.

“Seventy-five years after liberating Europe from Nazi Germany occupation, the United States is again delivering a form of freedom to the European continent,” the energy secretary said earlier this month, according to EURACTV.

“And rather than in the form of young American soldiers, it’s in the form of liquefied natural gas.”


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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby coffeeguyzz » Thu 30 May 2019, 07:05:01

The explosive rise of natgas consumption, particularly in the form of LNG, is going to catch many people by surprise.

The rapid adoption of FSRU hardware (Floating Storage and Regasification Untits) is enabling countries such as Turkey, Pakistan, Brazil, Bangladesh, Argentina and others to become importers in exceptionally fast and cheap fashion.
Bangladesh is setting up its second unit.

Even Australia - second biggest LNG exporter in the world - is setting up an FSRU in Port Kembla to import LNG by next year.

The liquefaction end is likewise experiencing a blindingly fast transition as modularization techniques combined with dramatic downsizing of components is enabling the spread of liquefaction processing into heretofore unimaginable locations.

Wyalusing, Pennsylvania is hosting a 2.15 million tonnes per year LNG project that should cost way under $1 billion.
Floating liquefaction plants like the 4 proposed for the Delfin project will be another game changer.

Downstream, consuming operations are also changing rapidly.
The 500 room TWA Hotel just built at JFK airport has it's own CHP (Combined Heat and Power) plant that uses piped natgas to provide heating, cooling, and electricity generation with it's own hardware.
The $15 million setup - using reciprocating engines - was manufactured in Canada, shipped to NYC, and assembled onsite.
Expected savings on utility bills are $4 million/year.

Age of Gas is right around the corner, folks.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby rockdoc123 » Thu 30 May 2019, 16:18:42

Age of Gas is right around the corner, folks.


and as more and more nat gas is exported as LNG it will drive up the average price in North America to someplace that is attractive. My guess is the global price once LNG is moving freely to all markets will be somewhere around $6/MMBTU, realizing that although it is low in North America currently it has been very high in places like Argentina and Indonesia.
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Re: America the Saudi Arabia of Natural Gas Shifts to Export

Unread postby yellowcanoe » Thu 30 May 2019, 16:28:40

Shouldn't the title of this thread be changed to "America the Saudi Arabia of Molecules of Freedom Shifts to Export"?
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