North America Hungry for LNG  

Posted by Big Gav

Energy Review reports that North America is looking for LNG supplies from Australia, but that they are competing with local and Asian customers for access to the north west shelf gas reserves.

This is the first report I've seen that talks about the possibility of the existing north west shelf fields being fully forward sold (with the long term deal with Japan being added to by the deal with China and new speculation about a possible Korean deal as well).

Australia must develop its gas reserves to be ready to supply North America's huge and growing liquefied natural gas (LNG) markets, federal industry minister Ian Macfarlane said yesterday. But a report prepared for the federal and West Australian governments warns foreign appetite for Australian gas could threaten local industries.

The federal government is pushing for Australia to be a major supplier of LNG to Mexico and the west coast of the US. California is facing dwindling reserves of LNG from traditional suppliers in North America and Mexico is experiencing energy growth demand of about eight per cent a year.

On the Mexican leg of his North American visit Macfarlane toured the sites of two proposed LNG receiving terminals in Baja California, Mexico. Developing the offshore West Australian Gorgon gas project was vital, according to Macfarlane. The Gorgon partners are ExxonMobil, Shell and ChevronTexaco. ChevronTexaco won approval earlier this month to build a gas import terminal off Mexico.

But back in Australia, a study prepared for the federal and West Australian governments, has warned that overseas demand for West Australian gas could threaten up to $660 billion worth of minerals projects in that state, according to a report in today's Australian. The mineral-processing sector - including alumina and mineral sands industries - in Western Australia's south-west needs competitive energy prices to encourage new developments and expansion of existing projects, the newspaper reports. The study by Sydney-based Sleeman Consulting has said gas from existing North West Shelf project reserves will be fully committed if existing Japanese LNG customers roll over their contracts beyond 2009.



(How PNG reserves got included in with ours I'm not sure - I wonder when they'll add East Timor's in as well ?).

1 comments

This is a more interesting story for North America in particular in the short term than peak oil.

While there is still loads of methane around the world, we've been frantically burning ours since 1970 and now the US is forcing Canada to sell us their methane due to NAFTA.

Will this lead to the ultimate liberation of Canada?

A shooting war with Canada would likely be far cheaper than building LNG infrastructure.

Now I am getting silly - but then - our situation in America is absurd.

Post a Comment

Statistics

Locations of visitors to this page

blogspot visitor
Stat Counter

Total Pageviews

Ads

Books

Followers

Blog Archive

Labels

australia (618) global warming (423) solar power (397) peak oil (355) renewable energy (302) electric vehicles (250) wind power (194) ocean energy (165) csp (159) solar thermal power (145) geothermal energy (144) energy storage (142) smart grids (140) oil (139) solar pv (138) tidal power (137) coal seam gas (131) nuclear power (129) china (120) lng (116) iraq (113) geothermal power (112) green buildings (111) natural gas (110) agriculture (92) oil price (80) biofuel (78) wave power (73) smart meters (72) coal (70) uk (69) electricity grid (67) energy efficiency (64) google (58) bicycle (51) internet (51) surveillance (50) big brother (49) shale gas (49) food prices (48) tesla (46) thin film solar (42) biomimicry (40) canada (40) scotland (38) ocean power (37) politics (37) shale oil (37) new zealand (35) air transport (34) algae (34) water (34) arctic ice (33) concentrating solar power (33) saudi arabia (33) queensland (32) california (31) credit crunch (31) bioplastic (30) offshore wind power (30) population (30) cogeneration (28) geoengineering (28) batteries (26) drought (26) resource wars (26) woodside (26) bruce sterling (25) censorship (25) cleantech (25) ctl (23) limits to growth (23) carbon tax (22) economics (22) exxon (22) lithium (22) buckminster fuller (21) distributed manufacturing (21) iraq oil law (21) coal to liquids (20) indonesia (20) origin energy (20) brightsource (19) rail transport (19) ultracapacitor (19) santos (18) ausra (17) collapse (17) electric bikes (17) michael klare (17) atlantis (16) cellulosic ethanol (16) iceland (16) lithium ion batteries (16) mapping (16) ucg (16) bees (15) concentrating solar thermal power (15) ethanol (15) geodynamics (15) psychology (15) al gore (14) brazil (14) bucky fuller (14) carbon emissions (14) fertiliser (14) matthew simmons (14) ambient energy (13) biodiesel (13) cities (13) investment (13) kenya (13) public transport (13) big oil (12) biochar (12) chile (12) desertec (12) internet of things (12) otec (12) texas (12) victoria (12) antarctica (11) cradle to cradle (11) energy policy (11) hybrid car (11) terra preta (11) tinfoil (11) toyota (11) amory lovins (10) fabber (10) gazprom (10) goldman sachs (10) gtl (10) severn estuary (10) volt (10) afghanistan (9) alaska (9) biomass (9) carbon trading (9) distributed generation (9) esolar (9) four day week (9) fuel cells (9) jeremy leggett (9) methane hydrates (9) pge (9) sweden (9) arrow energy (8) bolivia (8) eroei (8) fish (8) floating offshore wind power (8) guerilla gardening (8) linc energy (8) methane (8) nanosolar (8) natural gas pipelines (8) pentland firth (8) relocalisation (8) saul griffith (8) stirling engine (8) us elections (8) western australia (8) airborne wind turbines (7) bloom energy (7) boeing (7) chp (7) climategate (7) copenhagen (7) scenario planning (7) vinod khosla (7) apocaphilia (6) ceramic fuel cells (6) cigs (6) futurism (6) jatropha (6) local currencies (6) nigeria (6) ocean acidification (6) somalia (6) t boone pickens (6) space based solar power (5) varanus island (5) garbage (4) global energy grid (4) kevin kelly (4) low temperature geothermal power (4) oled (4) tim flannery (4) v2g (4) club of rome (3) norman borlaug (2) peak oil portfolio (1)