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Page added on December 7, 2012
U.S. natural gas: To export or not export?
The U.S. should export much more of its plentiful supply of natural gas. That’s the conclusion of a government study out today. The study by NERA Economic Consulting found that more gas exports could give the U.S. economy a major boost without significantly raising energy prices at home.
But is there a market for U.S. natural gas abroad?
Leo Drollas, head of the Centre for Global Energy Studies in London, believes so. He says the American product costs a third of what European and Asian consumers have to pay, and that it’s an increasingly popular fuel:
“There is certainly demand for gas across the world,” says Drollas, “It’s the in-vogue fuel because of its carbon dioxide emmissions being much lower than coal and oil.”
Japan is eager to diversify away from nuclear power after the Fukushima disaster and Europe would like to reduce its dependence on Russian natural gas.
If the U.S. does enter the export trade in a big way it will reshape the global energy market. But the bigger question for America is whether it agrees with today’s report that increased exports will not also push up the price of natural gas at home.
5 Comments on "U.S. natural gas: To export or not export?"
DC on Fri, 7th Dec 2012 4:39 am
I am sorry, but has the US stopped importing Natgas from
http://www.eia.gov/dnav/ng/ng_move_impc_s1_a.htm
?
BillT on Fri, 7th Dec 2012 5:46 am
Porn from the Carbon boys…lol.
We are still importing natural gas and would be foolish to ever export any to anywhere. After all, we exported most of the oil we had from those gushers of the early 1900s at what, $2 per barrel?, and now we are paying with blood and gold for $110 per barrel oil.
Intelligence? Not in the US. Only short sighted greed.
Arthur on Fri, 7th Dec 2012 9:35 am
The Japanese should have second thoughts about a new carbon fuel dependency on the US. The last time they engaged in that got them nuked twice and firebombed and made them become a vasal state until today
Kenz300 on Fri, 7th Dec 2012 10:04 pm
Quote — ” Japan is eager to diversify away from nuclear power after the Fukushima disaster and Europe would like to reduce its dependence on Russian natural gas.”
——————–
Time to unleash all that technical know how of the corporations in Japan and move to the fuels of the future. Wind, solar, wave energy and geothermal are much better options.
BillT on Sat, 8th Dec 2012 1:47 am
Kenz, they don’t need it ‘unleashed’. When I flew over Japan in September, I looked down at many lines of windmills generating electric all along the coasts. I suspect that, per capita, they are way ahead of the Us in renewables.