lets try some numbers, these prices from memory,
so the may have changed a little
price of spot NG, 7 USD per million-btu.
price of wholesale gasoline,
Europe, 2 USD per gallon
U.S., 2.30 USD per gallon
gasoline, 120,000 btu per gallon
U.S. gasoline, 19.16 USD per million btu
rather unfortunate, that Americans are too stupid
to use NG in cars
The development of LNG should allow shipping of gas to ports of convenience that pipelines cannot. This is especially good for Russia since they can then market their natural gas worldwide, and equally important for isolated markets such as island nations. For pipelines, $2.50 is the breakeven price, but for LNG it would be something higher. At $7 there is evidently enough profitability to encourage LNG investment in selected markets.
We need coal conversion not going deeper into debt to foreigners to buy LNG
Coal conversion will yield diesel/jet fuel and heating oil
Link to that LNG post?
That's the sound of an LNG terminal.
Yes, Allan Greenspan said that foreign LNG was the bottleneck in the NG picture, a lot of investors listened to him : here's a market opportunity. Once designed a somewhat different way to get LNG across oceans rapidly : Spinning spherical tanks that create their own surf wave. 16 100' diameter tanks at .5g/cc(8 CW/CCW pairs), axles canted at 20 deg from horizontal w/T plate between; thus CBL-entrained water piles up behind the T plate(rear crest/front trough) = slides forward on the self-created surf wave(think of a spinning tire in mud). The tanks are held w/rigid frame and run over ocean waves like continuous speed bumps, top speed about 300 mph, and get the hell out of the way of these "egg-carton" ships. Trip time from russian east coast to american/canadian west coast would then be much quicker. This seems to be a better solution : use spherial tanks in propulsion than just cart them in a slow poke ship.