> “While at the well head U.S. gas price –below $3/mmbtu – is among the cheapest in the world, when slapped with liquefaction and tolling costs the price could reach $9/mmbtu, no longer competitive in many markets including Asia. “
The writer fails to include the fact that South Korea has offered to invest and carry all costs associated with building Liquefaction plants in Long Beach and Houston including providing LNG ships and all other attendant infrastructure. With such investment, the price can be further reduced by lifting regulatory costs on producers. As it stands now NG producers flare and burn off the excess; it is all wasted.
Donald Trump is right. US politicians are stupid and incompetent, and clueless when it comes to the art of the deal.
The proposed pipeline between Russia and China is stalemated by the Chinese economic situation. I thought Cove Point was approved.
The wild card may be the NG fired combustion turbines needed to replace the coal fired power plants that the EPA is forcing utilities to close.