Article

2017-04-26 Economy

US to enter LNG global export market with Golden Pass

[Aljazeera] Energy department approves Golden Pass energy giant to export liquefied natural gas to global market.

The US energy department has given its final approval to Golden Pass, a global energy company, to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement with the US.

Golden Pass will be able to export up to 2.21 billion cubic feet of natural gas per day to the global market.

In a statement on Wednesday, the energy department said "it conducted an extensive review of the Golden Pass application. Among other factors, the Department considered the economic, energy security, and environmental impacts, including macroeconomic studies that showed positive benefits to the US economy".

Golden Pass, a joint venture between Qatar Petroleum (which owns 70 percent) and ExxonMobil (30 percent), has developed its preexisting facilities in Sabine Pass in Jefferson County, Texas to be able to export LNG.

Posted by Besoeker 2017-04-26 07:51|| || Front Page|| [11135 views ] Top

#1 This is a very significant economic development which can be credited to the Trump administration.

Posted by Besoeker 2017-04-26 07:57|| 2017-04-26 07:57|| Front Page Top

#2 can be credited to the Trump administration.

But won't be.

Posted by g(r)omgoru 2017-04-26 08:08|| 2017-04-26 08:08|| Front Page Top

#3 "Civil, well reasoned discourse" indeed.
No worries CS, the offending night soil has been removed.

Posted by Canuckistan sniper 2017-04-26 11:29|| 2017-04-26 11:29|| Front Page Top

#4 I continue to be amazed that combustion engine engineering has not embraced LNG as a fuel.
LNG is easy to collect as an oil industry waste product, requires little pre-consumption processing and burns much cleaner than 'additive enriched' gasoline.

Posted by Skidmark 2017-04-26 15:34|| 2017-04-26 15:34|| Front Page Top

#5 I might introduce you all to "drip".

When I was a kid, if you had a straight 6 Chevy or a flathead Ford you could go to the condensate drains on natural gas pipelines and fill your tank with the condensed hydrocarbons from natural gas...low octane gasoline but worked in old cars.

Free gas and it wasn't stealing...no one cared about drip in those days...growing up in Texas in the early 60s did have its advantages.

Posted by Sock Puppet of Doom 2017-04-26 16:05|| 2017-04-26 16:05|| Front Page Top

#6 Skidmark, Did you mean LPG?

Posted by phil_b 2017-04-26 17:43|| 2017-04-26 17:43|| Front Page Top

#7 LNG requires cryogenic fuel tanks, so no go.

CNG (Compressed NG) requires expensive 3000 PSI tanks which still store only 10% the weight of fuel of a gasoline tank.

LPG is too dangerous for cars since LPG is heavier than air and any leak is just waiting for a spark to become a fuel-air bomb.

Posted by Thereth and Company9872 2017-04-26 18:43|| 2017-04-26 18:43|| Front Page Top

#8 WTF is Qatar, notorious funder of Muslim Brother, Al Qaeda, ISIS and any other muslim terrorists, the owner of 70% of this project (and profits). Exporting natural gas to Europe, at 2-3 times the US price, is an invitation to print money. Even more so if export terminals are approved for the west coast and LNG is exported to Japan and Korea.

Posted by Thereth and Company9872 2017-04-26 18:50|| 2017-04-26 18:50|| Front Page Top

#9 WTF is Qatar

Check who runs US maritime port operations TC.

Those are all structural storage problems on the LNG. Not production or manufacturing.

Posted by Skidmark 2017-04-26 20:37|| 2017-04-26 20:37|| Front Page Top

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