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Permalink Reply by Les Bamburg on May 31, 2011 at 10:53

AL, physically it is more likely feedgas would originate from Texas Gulf Coast (including EFS) and/or Gulf of Mexico production - maybe even Deep Bossier and Barnett Shale.  Upon further thought, it would also be possible to "backhaul" Haynesville Shale, Barnett Shale, Woodford Shale, etc from the Perryville Hub area.  Backhaul is accomplished on an interstate gas by displacement rather than physical flow.  

Permalink Reply by kittycatmama on May 31, 2011 at 9:05

thanks everyone for the education. I keep watching nat gas prices inch up at a time that they normally don't rise. This seems to have started when the Cheniere Port started getting publicity. Maybe the hedgers are projecting out the export of LNG. Just thinking out loud

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Permalink Reply by Les Bamburg on May 31, 2011 at 10:45

KCM, movement in NYMEX is more driven by near term outlooks for natural gas demand and the trend in gas rigs.  LNG exports would not occur before 2015 and several milestones are left to be achieved. 

Permalink Reply by jffree1 on May 28, 2011 at 4:39

adubu, this is a good report on where Chenier stands in obtaining approval for export:

 

http://www.deweyleboeuf.com/~/media/Files/clientalerts/2011/2011052...

 

I think the confusion comes from the recent press releases about DOE approval.

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Permalink Reply by adubu on May 28, 2011 at 13:22

thanks jffree 1

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Permalink Reply by ALongview on May 29, 2011 at 7:51

New News!

Lithuania Says U.S. Gas Cheaper Than Gazprom’s

29 May 2011

Bloomberg

Lithuanian Energy Minister Arvydas Sekmokas said the price offered by the United States' Cheniere Energy for gas supplies would be at least 25 percent lower than the country pays Gazprom.

Cheniere, the Houston-based liquefied natural gas terminal owner, is also considering an investment of as much as 20 percent in Lithuania's LNG terminal in Klaipeda, Sekmokas said Friday at a news conference in Vilnius.

Klaipedos Nafta, which operates Lithuania's oil terminal on the Baltic Sea, is negotiating possible gas supplies from Cheniere to help the country diversify from sole supplier Gazprom. The government is also in talks over gas imports from Norway and Qatar, Sekmokas said.

Klaipedos, which is 71 percent owned by the state, wants to build the country's first LNG terminal with a capacity of as much as 2.2 million tons. The terminal may cost 200 million euros ($284.8 million) and is expected to be online in 2014, Sekmokas said.

Prime Minister Andrius Kubilius said in the same news conference that the government is beginning the construction of the terminal on its own and may invite private investors in later stages of the project.

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Permalink Reply by adubu on May 29, 2011 at 11:48

Alongview---The USA could then be the "OPEC of NG" exporting NG everywhere in world and then prices would stablize at economical price to support horizontal drilling in the $8-10 range. That would be great for all shale NG  states. With Shale oil the USA can increase oil production by 25% and build some pipeline to deliver to refinery   rather than storage in Cushman,Ok this would decrease gasoline prices. The refinery would buy crude at WTI prices rather than import crude at Brent prices

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