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LNG Export: A U.S. Natural Gas Game Changer?

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Sun, 06/05/2011 - 19:35 | 1342044 hardhatter
hardhatter's picture

LNG exporting has absolutely nothing to do with the recent run-up of the Henry Hub spot price.  When the news came out on a Friday post-close, they lifted Cal 15 swaps up to 6.025 and traded 6.10's the following Monday.  June was around 4.26 at the time.  Those Cal15 swaps are down since then, while the front has exploded to 4.75 due to hot weather.

Sun, 06/05/2011 - 19:24 | 1342034 CrashisOptimistic
CrashisOptimistic's picture

This is pretty stupid if you're a domestic customer.

If it becomes exportable, its price will rise to that of Asia or Europe.  Why do we want that, as domestic customers?

Sun, 06/05/2011 - 19:20 | 1342032 mayhem_korner
mayhem_korner's picture

Five years ago, the U.S. was supposed to go into a mode of IMPORTING significant LNG volumes (only 2% of U.S. consumption of natgas is imported today).  The notion that this has totally reversed because of shale gas and waning domestic demand is a non-starter.  U.S. doesn't have the logistics to liquefy and move the volume internationally.

This is a non-story/non-event.

Sun, 06/05/2011 - 19:14 | 1342024 imapopulistnow
imapopulistnow's picture

Between global pricing, nat gas vehicles and new technology, we could become a natural gas exporter and greatly decrease our reliance on imported oil if not become self sufficient.  But it will not happen as long as the progressives prefer to tilt at wind mills. 

Sun, 06/05/2011 - 20:05 | 1342092 Flakmeister
Flakmeister's picture

Do you like to fit things to your preconcieved ideology or do you just like spouting bullshit for the hell of it?

Sun, 06/05/2011 - 16:33 | 1341792 bugs_
bugs_'s picture

In the '80s some wanted to build LNG import facilities.  This was ultimately killed for political and safety reasons.  Every now and again LNG (CNG) tries to make a comeback.  The latest spin is to say we need to build LNG export terminals.  The implication is that domestic suppliers can be competitive with foreign LNG suppliers.  I don't think that it is possible to compete with LNG producing nation states.  The true agenda of those pushing construction of LNG export facilities is to create the LNG import facilities that they already know is politically impossible.  Domestic NG suppliers better hope that they aren't successful this time either. 

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