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Wednesday, May 29, 2013

US Has Abandoned Plans To Import Natural Gas

Platts is reporting:
If you’ve followed the LNG export fight just a little, you’ve probably heard that, thanks to the shale gas revolution, the US has abandoned its plans to import gas from foreign markets and is now looking to aggressively export it. Ample domestic gas supplies and low prices have pushed the US gas industry to seek foreign markets. The problem is that many of the most attractive markets, such as Japan and much of the European Union, do not have free trade agreements with the US. Shipping LNG to non-FTA countries, by law, requires special approval from DOE. So far, DOE has approved just two of the 20 applications to ship to non-FTA markets.
I wonder if Snopes or Jane Nielson will ever update their sites regarding the Bakken. 

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