LNG export news.As a frequent critic of the current administration's energy policy (an oxymoron?) I am surprised with this news about the US approving the export of LNG, but very, very happy to see it, and commend the administration for supporting the program.
http://phx.corporate-ir.net/phoenix.zhtml?c=207560&p=irol-newsArticle&ID=1566412&highlight=
"Sabine Liquefaction received long-term, multi-contract authority to export on its own behalf, or as agent for others, up to the equivalent of 803 Bcf per year (approximately 16 million metric tons per annum ("mtpa")) of domestically produced natural gas as LNG. "
http://www.cheniereenergypartners.com/default.shtml
Saturday, May 21, 2011
LNG News -- Not Necessarily a Bakken Story
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The Caribbean islands have a lot of refineries that sell refined products to the US. With many of these refineries flare-gas/propane is used as a local cooking and water heating fuel delivered via a pipeline system. If there is a scheme to convert these pipeline systems from propane to LNG natural gas it might be a "win-win" for the USA and the islands.
ReplyDeleteMobile fuels like propane have shot way up in price. It is conceivable that an LNG ship could return to the US with propane.
I'm sure it's only because of my focus on the Bakken, but my hunch is that this decade and the next decade will be the decade for energy development to carry the world into the latter half of the 21st century.
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