Thanks, that is an exhaustive account that needs to be read at least twice because it has implications for a lot of other places in the world, not least Russia. Perhaps for CNG read GTLs, in the form of methanol or other liquid fuel. Australia was on the verge of becoming a methanol fuel producer not so long ago and this is a safer, more easily managed fuel than CNG. I don't mean the fuel cell (which has been on the verge of a breakthrough to my personal knowledge since the very early 1970s) but methanol has a direct liquid fuel for blending with gasoline.

The current price of oil is likely to be the baseline for future energy prices which makes a lot of things probable instead of possible as they have been for decades. Exports of liquid fuels from natural gas and/or coal may be a better bet than LNG long term because the world needs liquids not gas. Same goes for power stations. Keep the gas for fuel and feedstock and use nuclear and solar for power. They work, they are economic and they will last for a while (as indefinitge as we can go actually).

Thank the oil price for this opportunity. To be sure the OPEC countries and Russia will so so.

Methanol is very toxic.

CNG is very safe compared to toxic liquids like methanol (high octane gasoline substitute), dimethylether (high cetane diesel substitute), gasoline, and diesel. The liquid fuels are explosive as well as poisonous and CNG is merely explosive.

Australia was on the verge of becoming a methanol fuel producer not so long ago and this is a safer, more easily managed fuel than CNG.

"Was" isn't quite right - while plans to produce methanol have been around for ages, they haven't died (OK - the Methanex one has, but Methanol Australia, now MEO Australia, lives on).

MEO's Tassie Shoal project I mentioned above (one of the least likely at the moment, but on the drawing boards nevertheless - though I remain a little confused as to whether or not this is related to Evans Shoal or is a different venture in the same area) is supposed to produce methonal. While they are a small outfit they seem to be getting some sharemarket attention.

http://www.meoaustralia.com.au/_project_tassie.asp

OTOH methanol production isn't very efficienct in terms of energy usage, so they may never float...

http://www.chemlink.com.au/methanol.htm

There is also a plan to produce methanol using an algae and solar power by the guys behind the "Wizard Power" CSP plant I talked about a while back:

http://www.news.com.au/heraldsun/story/0,21985,23811816-664,00.html