LNG News November 15, 2011

Where's the Limit on LNG Exports?

November 8, 2011

I attended the U.S. Senate Energy and Resources Committee hearing in D.C to hear firsthand, as this article points out, what the push back could be on the export of LNG from the U.S. However, following the hearing I had the opportunity to explain that while the price of natural gas could rise (9 cents) in the Lower 48 as a result of exports, a large volume export project here in Alaska would result in the price of energy plummeting. Therefore, the answer is the majority of the export of LNG from the U.S. should come from Alaska where it significantly decreases the cost of energy (80% reduction in the Fairbanks area and up to 65% reduction in Bethel).

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Australia Adds 10.1K Jobs in October

November 10, 2011

Ten thousand jobs certainly has a nice ring to it. This article announces that ConocoPhillips, BG Group and Santos are moving ahead with $50 billion of LNG projects on Curtis Island in Central Queensland, Australia. Of course, along with this effort comes tens of thousands of associated high paying jobs, 6,000 alone for the ConocoPhillips Australia LNG project. All of this effort is to get LNG to the premium Asian markets. Come on Alaska, let's get moving while there is still a race to compete in!

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