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The coming battle over natural gas

Financial Post -- From co-dependent natural gas consumers and developers, Canada and the United States may soon be competing with each other as both countries start advancing their production plans for liquefied natural gas (LNG).

“I think there is a sense of competition at the moment between the U.S. and Canada for the [Asian] market,” said Noel Tomnay, head of global gas at Wood Mackenzie, an energy research and consulting firm.

Rising natural gas production on both sides of the border, coupled with benchmark Henry Hub prices tracking 31-year lows, are forcing North American producers to find growing markets willing to pay more.

“Currently, the U.S. is clearly advantaged because it has the existing infrastructure,” Mr. Tomnay said.


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Submitted Apr 06, 2012 By: dasAuto
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The coming battle over natural gas Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Apr 12, 2012 2:59:48 AM

Saving, and have a lot more earthquakes, right? There's always something that we didn't expect.
SavingInNC
Champion Author North Carolina

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Message Posted: Apr 11, 2012 3:12:11 AM

We need to go natural
honda0105
Champion Author Tallahassee

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Message Posted: Apr 11, 2012 2:57:50 AM

of course, it would help even more if ppl were to waste less over all.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 10, 2012 3:05:43 AM

what would help more is a move toward more use of natural gas in home heating / water heating, etc. as there is a lot of waste of oil and electricity (from oil and coal).
honda0105
Champion Author Tallahassee

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Message Posted: Apr 10, 2012 3:04:33 AM

Gaseye: lots of fleet vehicles area already moving to NG.
SavingInNC
Champion Author North Carolina

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Message Posted: Apr 7, 2012 8:19:06 AM

Go natural
Gas_Eyes
Champion Author Dallas

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Message Posted: Apr 7, 2012 7:37:38 AM

With so much natural gas in both countries, it is a shame that it is not used more for transportation. The US only has a little over 100,0000 cars and trucks fuel by natural gas, which is about 1% of the world fleet of 12.8 million. In a lot of countries, regular gasoline cars are being converted to bi-fuel CNG/gasoline car for as little as $1,500. With close to $2.00 a gallon savings, the conversion can be a no brainer.

The US needs to find ways to make it cheaper to convert gasolne cars to bi-fuel cars. Thew current price is at least $6,000 making it a lot more difficult to justify.
stephen2155
Champion Author North Carolina

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Message Posted: Apr 7, 2012 4:18:01 AM

Ok
NO_SWEAT
Champion Author Toronto

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Message Posted: Apr 6, 2012 11:31:59 PM

More LNG Public vehicles should be utilizing this on the roads.
mrbee
Champion Author Little Rock

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Message Posted: Apr 6, 2012 9:32:05 PM

Competition is good.
goldseeker
Champion Author West Virginia

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Message Posted: Apr 6, 2012 9:27:28 PM

Bring it on.
rahcat
Champion Author Grand Rapids

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Message Posted: Apr 6, 2012 9:26:38 PM

Yesterdays article.
danreino
Champion Author Twin Cities

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Message Posted: Apr 6, 2012 9:20:03 PM

Thats great. But will it ever be used to power passenger vehicles ?
abcdMA
Champion Author Worcester

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Message Posted: Apr 6, 2012 9:11:48 PM

we need to use more natural gas
akitaone
Champion Author Tampa

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Message Posted: Apr 6, 2012 8:48:48 PM

really no suprise there.
Blue48
Champion Author Illinois

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Message Posted: Apr 6, 2012 8:35:20 PM

WE SHALL SEE HOW BIG THE BATTLE GETS!
skybiker
Champion Author South Carolina

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Message Posted: Apr 6, 2012 8:18:51 PM

They will sell overseas and cause prices here to go up,,,,
boborobot
Champion Author Michigan

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Message Posted: Apr 6, 2012 7:48:16 PM

It doesn't matter. Gas prices still to high.
SparkieMi
Champion Author Kalamazoo

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Message Posted: Apr 6, 2012 7:48:07 PM

There must be a way to work this out before it explodes in both countries
faces!!!
wz
Champion Author Twin Cities

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Message Posted: Apr 6, 2012 7:45:51 PM

Exporting makes more sense than burning it off as waste, which is the current policy at many oil fields and refineries. Competition with Canada will at least be civilized and should help keep prices down for domestic customers.
JagXKR
Champion Author British Columbia

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Message Posted: Apr 6, 2012 7:43:31 PM

Competition is a good thing, monopoly's are bad.
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Apr 6, 2012 7:40:57 PM

wow
nvwarped
Champion Author Corpus Christi

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Message Posted: Apr 6, 2012 7:38:02 PM

ok
babugp
Veteran Author Philadelphia

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Message Posted: Apr 6, 2012 7:37:19 PM

sure CNG is well worth.. it is very populer in south asia
pbear316
Champion Author Akron

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Message Posted: Apr 6, 2012 7:36:21 PM

Build the pipeline
tes283
All-Star Author Tampa

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Message Posted: Apr 6, 2012 7:34:45 PM

sometimes more competition is good.
nimpy
Champion Author Indianapolis

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Message Posted: Apr 6, 2012 7:32:47 PM

The government will get involved and spoil everything
vrossi46
Champion Author San Jose

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Message Posted: Apr 6, 2012 7:28:47 PM

we need more CNG cars + infrastructure to take advantage of it
frostyWV
Champion Author West Virginia

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Message Posted: Apr 6, 2012 7:27:27 PM

ok
us4usa
Champion Author Missouri

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Message Posted: Apr 6, 2012 7:23:49 PM

“So ironically, the U.S. politicians may argue about ths issue but if they don’t take advantage, Canada will, and gas prices will still go up. For the U.S., it’s a case of use it or lose it.”

And DC is playing circle jerk with Solar and wind...
duffee01
Champion Author Mississippi

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Message Posted: Apr 6, 2012 7:20:50 PM

ok.
CamryCheapster
All-Star Author Massachusetts

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Message Posted: Apr 6, 2012 7:19:26 PM

While natural gas is still cheap the US should build the equivalent of the Strategic Petroleum Reserve to stockpile some.
lone
Rookie Author Arizona

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Message Posted: Apr 6, 2012 7:11:07 PM

cheap today ... price it for export at the real costs and leave it for us at a lower affordability price domestically.
jerej829
Champion Author Memphis

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Message Posted: Apr 6, 2012 7:10:18 PM

Ok
MINIWINI598
Champion Author Washington

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Message Posted: Apr 6, 2012 7:09:28 PM

ok
SparkieMi
Champion Author Kalamazoo

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Message Posted: Apr 6, 2012 7:05:44 PM

Pump prices will not come down because of GREED, Wall Street and speculation.....
WebGabe
Champion Author Pennsylvania

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Message Posted: Apr 6, 2012 7:05:32 PM

Ok.
ratones1
Champion Author Los Angeles

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Message Posted: Apr 6, 2012 7:04:40 PM

VERY, VERY GOOD...
murph777
Veteran Author New Jersey

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Message Posted: Apr 6, 2012 7:03:54 PM

Competition is, hopefully, good.
umitb
Champion Author Indianapolis

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Message Posted: Apr 6, 2012 7:03:54 PM

ok
radstevepa
Veteran Author Pennsylvania

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Message Posted: Apr 6, 2012 7:00:57 PM

Time to get a diesil that can run on nat gas
stephen2155
Champion Author North Carolina

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Message Posted: Apr 6, 2012 7:00:43 PM

Ok
UC2
Champion Author Ventura

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Message Posted: Apr 6, 2012 6:55:16 PM

good for consumers
but for how long?
bif65
Champion Author Virginia

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Message Posted: Apr 6, 2012 6:53:52 PM

ok
ericbcire
Champion Author Nevada

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Message Posted: Apr 6, 2012 6:53:21 PM

Competition is good.
DCbeachbum
Champion Author South Carolina

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Message Posted: Apr 6, 2012 6:52:33 PM

I think a little competition is good for both countries. It will keep the price of LNG down.
Focus2
Champion Author Illinois

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Message Posted: Apr 6, 2012 6:47:46 PM

But regardless of the U.S. decision on LNG exports, gas prices will go up as export avenues open up."

This is what I have been saying for a long time now, but I don't think the American public see the writing on the wall. There is a world market for oil and any liquid form of energy! Liquid Natural Gas (LNG) is very desirable for shipment to the Asian market. Japan and other countries have been buying it for some time now paying prices triple what they get for it in the USA. Cheniere has applied for and received a permit to export LNG from the Gulf to foreign markets. Others are jumping at the chance to export our natural resources also. I feel that will be the end of our cheap natural gas for heating homes as well as for transportation which hasn't caught on yet. I feel about the time we can switch to natural gas for cars, it will no longer be $1.19 a gallon but $6 or more. We play by the rule which is bend over, and big oil has one, greed!
feistyfella
All-Star Author Detroit

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Message Posted: Apr 6, 2012 6:46:02 PM

I'm ready to rumble.
walkingtall
Champion Author Toronto

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Message Posted: Apr 6, 2012 6:42:47 PM

Wait till more velchies use natural gas and the the price will soar,like everything else.
Agarre
Champion Author Richmond

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Message Posted: Apr 6, 2012 6:41:15 PM

ok
letterchunker
Champion Author Texas

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Message Posted: Apr 6, 2012 6:40:13 PM

more greed
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