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U.S. low-price gas deal shifts landscape for LNG

The Vancover Sun -- VICTORIA/CALGARY — British Columbia’s first major liquefied natural gas export terminal is facing a significant new challenge after a rival U.S. exporter signed a deal undercutting the hoped-for price for selling gas into Asian markets.

David Calvert, an Apache Corp. vice-president and manager of the Kitimat LNG terminal said U.S.-based Cheniere Energy Inc. set a dangerous precedent by agreeing to sell gas from its proposed Louisiana export terminal based on heavily discounted North American gas prices.

“Cheniere did a deal ... that created quite a ripple through the marketplace,” Calvert said Tuesday, adding the deal has created “unrealistic” expectations for products from Kitimat LNG.

Speaking to an Energy Roundtable audience in Calgary on Tuesday, Calvert said the Kitimat site


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Submitted Oct 04, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. low-price gas deal shifts landscape for LNG Back to Topics
REPLIES (newest first) Post a Reply
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Oct 4, 2012 10:53:00 PM


Interesting article Aservant...thanks for posting!
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knutzAL
Champion Author Alabama

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Message Posted: Oct 4, 2012 9:37:40 AM

k
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Skunk63
Champion Author Phoenix

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Message Posted: Oct 4, 2012 9:33:49 AM

Competition bringing lower prices.
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eschroth442
Champion Author Cleveland

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Message Posted: Oct 4, 2012 8:42:33 AM

why to go Cheniere, Now make it happen and still make money.
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zwsn01
All-Star Author Alabama

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Message Posted: Oct 4, 2012 7:51:07 AM

Finally, a US company undercutting someone else instead of the other way around.
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gd83goldwinger
Champion Author South Bend

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Message Posted: Oct 4, 2012 6:36:32 AM

why sell to other countries.
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D4444J
Champion Author Albuquerque

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Message Posted: Oct 4, 2012 5:31:15 AM

Why send fuel across the globe?
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7SPEEDY7
Champion Author Flint

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Message Posted: Oct 4, 2012 4:46:20 AM

Maybe!
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Happytalk
Champion Author Pennsylvania

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Message Posted: Oct 4, 2012 2:54:55 AM

only time will tell
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TXRanger09
Champion Author Dallas

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Message Posted: Oct 4, 2012 2:50:47 AM

Sure Japan paid $17 for LNG last July, but they were still recovering from a shut down of nuclear power plants following earthquakes. Whats the current Asian price?
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NotmeuQc
Champion Author Montreal

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Message Posted: Oct 4, 2012 2:46:26 AM

Not good news for our new export terminal.
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gamalerin
Champion Author Tampa

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Message Posted: Oct 4, 2012 2:43:46 AM

for how long ?
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lgwhitlock
Champion Author Chico

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Message Posted: Oct 4, 2012 2:43:38 AM

Time will tell the truth of this...
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wally52
Champion Author Little Rock

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Message Posted: Oct 4, 2012 2:37:04 AM

We need to keep the fuel here.
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Quick68
Champion Author Columbus

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Message Posted: Oct 4, 2012 2:28:19 AM

The price of LNG is not as low as the government wants you to think.
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jcurley
Champion Author California

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Message Posted: Oct 4, 2012 2:21:44 AM

Put an export tax on LNG - keep it here and convert our cars to run on it. Stop exporting cheap energy that is relatively clean!
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SteveMartin
Champion Author New Orleans

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Message Posted: Oct 4, 2012 2:21:12 AM

k
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sdchris
Champion Author San Diego

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Message Posted: Oct 4, 2012 2:21:04 AM

really now...
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SaraiM
Champion Author St. Louis

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Message Posted: Oct 4, 2012 2:20:21 AM

ok
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jimgraham
Champion Author Akron

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Message Posted: Oct 4, 2012 2:19:24 AM

If they sell it too cheap, Cheniere will go bankrupt.
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mossimo36
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Message Posted: Oct 4, 2012 2:15:16 AM

Not a good thing.
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Samo1961
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Message Posted: Oct 4, 2012 2:11:18 AM

WOW, something to think about.
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djgunrunner
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Message Posted: Oct 4, 2012 2:10:24 AM

Sounds like a knife fight in a pitch black room.
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quasar502
Champion Author Lansing

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Message Posted: Oct 4, 2012 2:10:23 AM

Again.
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memo81
Champion Author St. Louis

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Message Posted: Oct 4, 2012 2:09:56 AM

We better not hurt ourselves in the process of selling our resources overseas.
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dieselgus1
Champion Author Montana

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Message Posted: Oct 4, 2012 2:08:36 AM

its called business...the one who can offer the best price and service wins. stop whining.
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findcheap
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Message Posted: Oct 4, 2012 2:07:46 AM

ok
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rollercoaster
All-Star Author Hartford

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Message Posted: Oct 4, 2012 2:07:25 AM

our leader is coming 33 days !!!!!!!!
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steve621
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Message Posted: Oct 4, 2012 2:06:52 AM

ok
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AskMeLater
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Message Posted: Oct 4, 2012 2:03:42 AM

ok
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runner74
Champion Author Washington

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Message Posted: Oct 4, 2012 2:01:52 AM

ok
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1Boog
Champion Author Lincoln

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Message Posted: Oct 4, 2012 2:01:36 AM

fuel should not be exported to the other side of the world!!
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Oct 4, 2012 2:01:00 AM


Another case of OUR precious fossil fuels being sent to CHINA!!!!!!
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firefly09
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Message Posted: Oct 4, 2012 2:00:34 AM

Nope.
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Retowered
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Message Posted: Oct 4, 2012 1:57:28 AM

Interesting.
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mrjames1818
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Message Posted: Oct 4, 2012 1:56:31 AM

Bad move
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unclenorman
Champion Author Tampa

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Message Posted: Oct 4, 2012 1:56:14 AM

LNG may have a lot of upside but where do I fill up?
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abacus44
Champion Author Toms River

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Message Posted: Oct 4, 2012 1:55:14 AM

Go LNG!
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pulpwood
Champion Author Mississippi

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Message Posted: Oct 4, 2012 1:54:48 AM

It failed in the eighties, better luck this time around.
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TXryder
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Message Posted: Oct 4, 2012 1:54:48 AM

go ng
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BobD2009
Champion Author Long Island

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Message Posted: Oct 4, 2012 1:53:53 AM

LNG is the fuel of the future.
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greenfog
Champion Author Illinois

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Message Posted: Oct 4, 2012 1:48:47 AM

so now they are having CNG wars.
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yelobus
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Message Posted: Oct 4, 2012 1:48:26 AM

Ok.
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pricewar
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Message Posted: Oct 4, 2012 1:45:03 AM

How can we become dependent like canada?
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TheeRedRam
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Message Posted: Oct 4, 2012 1:43:08 AM

Hummm
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relmers
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Message Posted: Oct 4, 2012 1:38:18 AM

ok
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Dragnet
Champion Author Arizona

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Message Posted: Oct 4, 2012 1:35:33 AM

always some hype to take the focus off the real problem
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vulcan96
Champion Author Ohio

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Message Posted: Oct 4, 2012 1:33:55 AM

a new speculation source....
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DrivingFool2
Champion Author Appleton

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Message Posted: Oct 4, 2012 1:31:46 AM

The price we pay for it will go up so they can subsidize Asia
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BWJM
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Message Posted: Oct 4, 2012 1:30:14 AM

ok
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