Link here to Yahoo news.
Congress could still block efforts to expand exports of America’s newly abundant supplies of natural gas, but there’s no question where Japan stands on the prospect of ships carrying liquefied natural gas from the U.S. arriving at its shores.
“From all the aspects, U.S. LNG is a very, very shining treasure … for us,” said Hirohide Hirai, director of policy evaluation and public relations at Japan’s Ministry of Economy, Trade and Industry.
Hirai, former director of the petroleum and natural-gas division at the ministry, told National Journal
this week that he is confident the United States will take advantage
of the increased trade opportunity by allowing LNG exports to Japan.
Hirai said that his conversations
with U.S. officials, energy lobbyists, and consultants about the
growing natural-gas market in Japan have left him confident that LNG
exports will get a “green signal” from the U.S.
I reread Cheniere's investment day PDF today. Interesting and impressive.
ReplyDeleteObama will approve it because of treaties and bowing.
He will bow to the Chinese, Japanese, and Indians.
Congress won't act, and needn't.
Anon 1
That "green light" comment from the Japanese was also reassuring.
DeleteChina has a big push for LNG big rigs.
ReplyDeleteThey are many times the US market.
They plan to produce their own shale gas.
Easier said than done.
Anon 1
In fact, there have been articles (I doubt if I posted them) that suggested China will have difficulty with a domestic shale natural gas program, saying almost the same thing: "easier said than done."
Deletethe chinese will purchase portions of Great US shale NG companies and Steal the technology they do not posses and take it back to China.. They may also hire some of the best and brightest of the US Technicians and Execs.
ReplyDeleteRemember it is easier to steal technology then create it..
EOG played in China and Argrntine shale.
ReplyDeleteIn their last call, they said they won't invest more now.
Even for gas, not worth it, now.
CHK/Statoil tried in about 2009. Careful study. No good enuf prospects. US better.
Too many factors. Gov't, services, roads, pipes, market, etc.
Some day, somewhere, something will work.
Maybe new elections in Argentina.
Anon 1
In China, it was roads and pipelines to the very remote areas where there might be shale -- at least that's what I remember reading as the major obstacles in China (not even addressing the technology issues of cracking the code to produce the shale oil).
DeleteCanadian nat gas ports in BC are going to happen. Maybe even tar sand oil. The Japanese want competition. Right now, Qatar and Australia are their suppliers. Iran could take out Qatar's suppy, and the Japanese economy would be in shambles.
ReplyDeleteYou're raised a good point: with all the energy that the US and Canada now have, at the end of the day, Americans really only have to worry about what their elected leaders will do. "We" control our own destiny. On the other hand, Japan is truly dependent on what others do with regard to energy now that they have turned away from nuclear energy. China, with its huge demand for energy, has similar challenges.
Delete