It's all about LNGI knew the PetroChina / Qatar story was big, but I did not realize how big some people thing this story is. See this op-ed over at oilprice. I don't see it quite as "hair-raising" as the writer would suggest.
- see RBN Energy below
- PetroChina and Qatargas sing 22-year LNG supply deal; link here;
- around 3.4 million tonnes of LNG annually
- a million tonnes LNG = 48 billion cubic feet NG; 22 x 48 = 1,056 billion cubic feet, or 1 trillion cubic feet?
- China requires LNG for its push to replace coal with cleaner burning natural gas, a way to reduce air pollution. After Beijing started the program last year, China has overtaken South Korea as the world’s second-biggest buyer of LNG.
- China’s LNG imports may surge 70 percent to 65 million tonnes by 2020, according to consultancy SIA Energy. Last year, China imported a record 38.1 million tonnes, 46 percent more than the previous year.
- Meanwhile Qatar, the world’s biggest LNG producer, is seeking buyers for a planned expansion of its output.
- Exxon, BP reach deals with state of Alaska to provide 23 trillion cubic feet of natural gas, mostly from the North Slope, for the Alaska LNG Project; link here;
- still in talks: COP: for 9 trillion tcf
- Alaska LNG: a $43B-plus project; 800-mile gas pipeline from the North Slope to planned liquefaction plant in Nikiski ("Pat, I'd like to buy a vowel") on the Kenai Peninsula south of Anchorage
- 23 trillion cubic feet of natural gas = eleven (11) years of Bakken production (boe) with Bakken at 1 million bopd and conversion factor of 6001
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The Millennials
I did not know this. A bit of trivia.
From an article in the current issue of The London Review of Books: "What Dettol Can't Fix," by Bee Wilson, a review of Elisabeth's Lists: A Family Story, Lulah Ellender, c. 2018.
Early in the article:
Making lists .... "Others, like the list of eggs, are stock-keeping exercises: taking the measure of our gold. This kind of listmaking is coming back into vogue among millennials with the rise of 'journaling': a habit of listing the good things that happened during the day as a way of improving mental health."I assume, on a "good day," the "Dow" list is great for "improving the mental health" of the investor class. LOL.
Speaking of the Dow: "In the long run, we are all dead."
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