Replies to This Discussion

Permalink Reply by paleface on September 3, 2010 at 1:12pm

I read that Korea wants our marcellus gas for there steel mills because it is very high quality gas.Shell will do what obama should have been doing selling our gas,the pipe lines should have been running to our ports to ship over seasNow we have to sit and twittle our thumbs till we can get a real president.

Permalink Reply by Ann Ticopa on September 3, 2010 at 3:31pm

Yes, it's been considered. Shell is into LNG in other parts of the world. But the consensus is that at least for a while, it wouldn't be cost effective to make the substantial investment necessary to compress/export the gas from the US to Europe.

Here is what a Shell executive had to say about it earlier this year: http://tinyurl.com/3ag9yye

Permalink Reply by paleface on September 4, 2010 at 1:23am

Shell is laying down some large diameter piping from what I could see from the road from middlebury to littlemarsh so the plumbing will be in for the wells they must know theres alot of gas there to go through that expense.I heard there working with EQT also thats good news.

Permalink Reply by Ann Ticopa on September 4, 2010 at 5:01am

Tioga County is in good shape with major pipelines. The Tennessee Gas (El Paso) line is being expanded and the new Empire Pipeline - Tioga County Expansion (National Fuel Gas) from Jackson Twp to Corning is projected to be in service in about a year.

One downside of adequate pipeline capacity is it may short-term contribute to the natural gas price staying low. One reason given for the price not taking its normal uptick this year is that the traders know there are lots of Marcellus Shale operators chomping at the bit to uncap their shut-in wells. The upside is that more potential natural gas users will switch from other fuels if they don't have to be concerned about shortages and the price going sky-high.

Was wondering if Barnett Shale LNG was being exported and found this:
" June 4 (Bloomberg) -- Cheniere Energy Inc. said it may build the first plant in the lower 48 U.S. states to export liquefied natural gas, starting as early as 2015.

The project would add capacity at its Sabine Pass [Louisiana] import terminal to liquefy and export gas...."
http://tinyurl.com/22w65v8