Over at Crain's, an update on the LNG export market, with an Exelon case study. Data points:
Exelon:
- awaiting federal permission to build a $3 billion LNG export plant in Brownsville, Texas
- until recently, regulatory barriers prevented US gas suppliers from fully participating in global markets
- Obama set precedent: began approving non-FTA export facilities
- first such export facility began exporting out of Louisiana last year
- US with price advantage
- US: sells at $3.20 per million BTUs; $10 in some overseas markets
- LNG exports could help ease pressure on Exelon's generating profits
- but securing approval could take year! -- I thought Trump was working to stop these delays
- by time approval given, could be too late; by then export markets could be glutted with US LNG
- risks: China may be miffed that Trump pulled out of the Trans-Pacific Partnership
- not mentioned: the expansion of the Panama Canal
No comments:
Post a Comment