HO - Thanks for the world perspective. US's news are hopelessly ratings driven. It appears supplies are tight for Europe and Asia both? Liquification is a lot more expensive that piping it correct? Looks like the US will have to pay a very heavy premium for LNG or am I missing something?
If I understand HO correctly, supplies are tight for Europe and Asia both, and worse, amongst all those currently on the playing field, we have China willing to bid higher than many others, at least so far. This is the ratcheted bidding war for a resource that Westexas talks about, only in this case the commodity is natural gas.
In my opinion, there is going to be tremendous resistance amongst investors towards LNG. Basic supplies appear tight, meaning the market for LNG is going to be small. This fact alone is liable to curtail building of many liquefaction facilitys, of LNG tankers, and of regasification facilities. So HO's 4 part chain is endangered on 3 counts due to the supply question. Why invest billions for a product that may never materialize?
Unfortunately, this means more coal because we have coal and it does not need liquification facilities, tankers, or regasification facilities.
Ghawar Is Dying The greatest shortcoming of the human race is our inability to understand the exponential function. - Dr. Albert Bartlett
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HO - Thanks for the world perspective. US's news are hopelessly ratings driven. It appears supplies are tight for Europe and Asia both? Liquification is a lot more expensive that piping it correct? Looks like the US will have to pay a very heavy premium for LNG or am I missing something?
If I understand HO correctly, supplies are tight for Europe and Asia both, and worse, amongst all those currently on the playing field, we have China willing to bid higher than many others, at least so far. This is the ratcheted bidding war for a resource that Westexas talks about, only in this case the commodity is natural gas.
In my opinion, there is going to be tremendous resistance amongst investors towards LNG. Basic supplies appear tight, meaning the market for LNG is going to be small. This fact alone is liable to curtail building of many liquefaction facilitys, of LNG tankers, and of regasification facilities. So HO's 4 part chain is endangered on 3 counts due to the supply question. Why invest billions for a product that may never materialize?
Unfortunately, this means more coal because we have coal and it does not need liquification facilities, tankers, or regasification facilities.
Ghawar Is Dying
The greatest shortcoming of the human race is our inability to understand the exponential function. - Dr. Albert Bartlett
I am afraid you aren't.