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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (3162)	11/17/2005 9:58:52 AM
From: Wharf Rat	Respond to of 24225

Gassing on some more Posted by Heading Out on Thu Nov 17 at 1:18 AM EST In the last two posts I have quoted some of the statistics relating to the current state of natural gas production in the US. The picture looking ahead is a bit grim, for domestic production. As a result, as with oil, we will need to look abroad for additional supplies. Unfortunately, apart from our immediate neighbors, it is not economic to move gas in its original form, rather it has to be turned into a liquid at a high pressure and low temperature, and then this liquefied natural gas (LNG) can be shipped in specially build vessels and brought from a facility that was built abroad to do the liquefying, to the United States and a special facility that can regasify the fluid and inject it into the gas pipelines. Which means that if we are to ensure gas supplies we have to have liquefaction plants, LNG carriers and gasification plants. While some of these exist, Platts points out that a fair amount of the ultimate supply will depend on facilities that are still being built or ordered. Quoting an LNG terminal developer The world' liquefaction capacity is projected to reach 41 Bcf/d in 2010 from 2004's total of 17 Bcf/d, he said. There are already firm commitments to build 35 Bcf/d in liquefaction capacity by 2009, he added. LNG produced in the Atlantic Basin would mostly be shipped to the US and Europe, while LNG produced in the Pacific Basin would primarily be shipped to Asia, he said. The growing amount of production in the Middle East will help develop a global LNG swing market because the area is positioned between Atlantic and Pacific markets, he said. There's more... (571 words) \| Comments (3) \| Permalink theoildrum.com