Energy & Environmental Law Blog : Energy & Environmental Lawyer & Attorney : Vorys, Sater, Seymour and Pease Law Firm : Oil, Gas & Green Technology

The WSJ has a short article on the volatile relationship between US and UK liquefied natural gas prices and what we might see in 2010.  "The difference between the price of gas at the benchmark Henry Hub in Louisiana and the price of the fuel at the U.K.'s National Balancing Point, or NBP, hub is closely eyed by the gas industry as a key determinant of LNG flows in the Atlantic. When U.K. gas prices are higher than U.S. prices, more LNG will arrive in the British Isles; when the reverse is true, more gas comes to North America."

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The Energy Information Administration has updated its report on liquefied natural gas (LNG) and the role it can have in the U.S.  Did you know:

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That's how this article in the WSJ characterizes three Exxon Mobil liquefied natural gas (LNG) projects scheduled to start in Qatar this year.  Resulting increase in supply - 3 Bcf per day.  (Note:  Subscription required.)

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According to this article in the WSJ, Alan Greenspan appeared before Congress in 2003 to testify that the U.S. needed to become a major importer of LNG to address recent price spikes in the natural gas market.  He - and others sharing this view - could not have been more wrong.   While the list of proposed LNG facilities grew to over 50, today only six have been built, and most of those are idle, indicative of more-than-sufficient natural gas supplies.

[Very interesting article.  Subscription required.]

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Worldwide LNG capacity is expected to expand by 20 percent this year due to as many as seven LNG export terminals starting overseas operations, according to this article from the Houston Chronicle.

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We noted recently the energy security issues highlighted by Russia's restrictions of natural gas supplies to the Ukraine.  One possible response - greater reliance on LNG (see this article from the Guardian).

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