Michael Giberson Congressman Ed Markey recently sent a letter to Energy Secretary Steven Chu inquiring into the possibility that natural gas exports may be harmful to the public interest (see press release, copy of letter). Markey’s concern is that exports will tend to push U.S. gas prices (currently around $3 or $4 per mmbtu) to … More Congressman Markey worries about U.S. natural gas exports
Michael Giberson The Gas Exporting Countries Forum is meeting in Qatar. From a few news stories I gather they want to boost output and obtain higher prices, and they don’t want to issue quotas or be a cartel. My thought is that, unless they’ve discovered an end-run around basic economic principles, they will be unsuccessful in … More Gas Exporting Countries Forum wants higher output and higher prices
Michael Giberson Reports of the continuing change to the U.S. domestic energy resource picture. From the Wall Street Journal, “U.S Firms Plan to Export Gas“: The emergence of the massive amount of gas in the U.S. “is a transformative development” that markets, policy makers and industry are still coming to grips with, said Daniel Yergin, … More The U.S. as natural gas exporter?
Michael Giberson The is significant industry optimism concerning the potential for shale gas development in Poland (more here), with estimates sufficiently high to suggest that Poland could shift its supply base away from heavy dependence on Gazprom and Russia’s good will to domestically produced gas from shale. Granted exploration for shale gas in Poland is … More Polish gas choices: LNG imports, shale gas resource development, and/or trusting Gazprom
Michael Giberson More evidence that shale gas development is changing the international (not just the United States) natural gas market: A US LNG terminal is spending $2 billion to add export capability. Currently Freeport LNG has the capability to re-export stored LNG; the new investment will add the capability to liquefy US-produced natural gas. Last Friday, November 19, … More U.S. companies getting into the LNG export business
Michael Giberson For 30 odd years there has been talk of building a natural gas pipeline from the North Slope of Alaska into Canada and down to the lower 48 states. For a time it seemed almost a necessity given the prospects of diminishing gas supplies in the lower 48 and the cost of competing … More Shale gas supplies and the Alaska gas pipeline question
Michael Giberson Production of natural gas from shale has dramatically changed the U.S. energy resource picture, and although experience elsewhere is limited* it is increasingly obvious that this not just a North American story. Nick Grealy, at No Hot Air, considers the implications for the UK: North American shale gas already has a significant indirect … More Shale gas as a game changer: A view from the UK