Liquified Natural Gas Worth It?
The surge in U.S. production of shale gas is creating a surge in permit requests to build liquefied natural gas (LNG) terminals. That’s because the glut of U.S. gas has dropped domestic prices sharply below global price levels.
Joe Romm explained back in June why “Exporting LNG Is Bad For The Climate.” But the New York Times has just run a misleading op-ed, “The Case for Natural Gas Exports,” so the issue clearly merits a revisit.
Read More -->
Australian Fracking
Better than expected flows from the shale and a solid half-year profit overshadowed more bad news from the Adelaide oil and gas company's $US18.5 billion ($17.6bn) Gladstone LNG project, which Santos has revealed could take more than three years to reach full production.
Shale gas and oil production could have a profound effect on the dynamics of the global energy market, as they already have in the US, where a gas shortage just six years ago has turned into a glut, reducing coal-fired power, buoying manufacturers and potentially competing with Australia's LNG exports to Asia.
Read More -->
Sponsored by:
