[waddy41]

More regarding NG

Originally Posted by mouserman

Was reading a good commentary on nat gas. While the prices for ng in north america at currently around 4$ US , the rest of the world is paying substantially higher prices.
From dailywealth.com
If you’re interested in safely making money in commodities over the coming decade, I have two important numbers for you…
The first is the price of natural gas in the U.S. – which is less than $4 per million British thermal units (mBtu).
The second is the price of natural gas in Asia, where people will pay $10 per mBtu for natural gas they import from overseas.
This is a disparity someone can make a lot of money on. The only reason it exists at all is because the natural gas market is still mainly a local market. It is not as easy to ship natural gas into a country as it is to ship oil. You have to supercool it so it liquefies. Then you can put it on a tanker and ship it to a terminal where your buyer can regasify it. This is the LNG trade.
There are problems. U.S. energy companies, before the shale gas boom changed everything, thought the U.S. would need to import natural gas. So the U.S. has about 10 LNG import terminals and two more in the works. Now, with a natural gas glut in the U.S., these terminals are pretty much useless.
Owners of these terminals want to refit the terminals to turn them into export terminals, where the gas is liquefied and shipped out. They are now petitioning the U.S. government for export licenses.
As the Financial Times reported, “The U.S. could soon be competing with Russia and the Middle East to supply the world with natural gas, a shift in production that would reshape energy markets over the next decade.” Even if the U.S. exported just 10% of its natural gas, it would become the largest exporter of LNG in the world. Few countries can match the U.S. in natural gas resources or low costs