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The coming battle over natural gas

Financial Post -- From co-dependent natural gas consumers and developers, Canada and the United States may soon be competing with each other as both countries start advancing their production plans for liquefied natural gas (LNG).

“I think there is a sense of competition at the moment between the U.S. and Canada for the [Asian] market,” said Noel Tomnay, head of global gas at Wood Mackenzie, an energy research and consulting firm.

Rising natural gas production on both sides of the border, coupled with benchmark Henry Hub prices tracking 31-year lows, are forcing North American producers to find growing markets willing to pay more.

“Currently, the U.S. is clearly advantaged because it has the existing infrastructure,” Mr. Tomnay said.

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Submitted Apr 06, 2012 By: dasAuto

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honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 12, 2012 4:59:48 AM Ignore honda0105 Report Abuse Saving, and have a lot more earthquakes, right? There's always something that we didn't expect.
SavingInNC Champion Author North Carolina Posts:5,767 Points:1,089,465 Joined:Oct 2006	Message Posted: Apr 11, 2012 5:12:11 AM Ignore SavingInNC Report Abuse We need to go natural
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 11, 2012 4:57:50 AM Ignore honda0105 Report Abuse of course, it would help even more if ppl were to waste less over all.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 10, 2012 5:05:43 AM Ignore honda0105 Report Abuse what would help more is a move toward more use of natural gas in home heating / water heating, etc. as there is a lot of waste of oil and electricity (from oil and coal).
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Apr 10, 2012 5:04:33 AM Ignore honda0105 Report Abuse Gaseye: lots of fleet vehicles area already moving to NG.
SavingInNC Champion Author North Carolina Posts:5,767 Points:1,089,465 Joined:Oct 2006	Message Posted: Apr 7, 2012 10:19:06 AM Ignore SavingInNC Report Abuse Go natural
Gas_Eyes Champion Author Dallas Posts:2,657 Points:640,860 Joined:Mar 2011	Message Posted: Apr 7, 2012 9:37:38 AM Ignore Gas_Eyes Report Abuse With so much natural gas in both countries, it is a shame that it is not used more for transportation. The US only has a little over 100,0000 cars and trucks fuel by natural gas, which is about 1% of the world fleet of 12.8 million. In a lot of countries, regular gasoline cars are being converted to bi-fuel CNG/gasoline car for as little as $1,500. With close to $2.00 a gallon savings, the conversion can be a no brainer. The US needs to find ways to make it cheaper to convert gasolne cars to bi-fuel cars. Thew current price is at least $6,000 making it a lot more difficult to justify.
stephen2155 Champion Author North Carolina Posts:3,004 Points:653,580 Joined:Jun 2011	Message Posted: Apr 7, 2012 6:18:01 AM Ignore stephen2155 Report Abuse Ok
NO_SWEAT Champion Author Toronto Posts:4,325 Points:1,074,565 Joined:Jul 2008	Message Posted: Apr 7, 2012 1:31:59 AM Ignore NO_SWEAT Report Abuse More LNG Public vehicles should be utilizing this on the roads.
mrbee Champion Author Little Rock Posts:3,734 Points:2,461,830 Joined:Oct 2005	Message Posted: Apr 6, 2012 11:32:05 PM Ignore mrbee Report Abuse Competition is good.
goldseeker Champion Author West Virginia Posts:19,513 Points:2,714,815 Joined:Sep 2005	Message Posted: Apr 6, 2012 11:27:28 PM Ignore goldseeker Report Abuse Bring it on.
rahcat Champion Author Grand Rapids Posts:2,448 Points:658,950 Joined:Jan 2010	Message Posted: Apr 6, 2012 11:26:38 PM Ignore rahcat Report Abuse Yesterdays article.
danreino Champion Author Twin Cities Posts:8,337 Points:1,537,705 Joined:Mar 2008	Message Posted: Apr 6, 2012 11:20:03 PM Ignore danreino Report Abuse Thats great. But will it ever be used to power passenger vehicles ?
abcdMA Champion Author Worcester Posts:7,902 Points:1,570,980 Joined:Nov 2008	Message Posted: Apr 6, 2012 11:11:48 PM Ignore abcdMA Report Abuse we need to use more natural gas
akitaone Champion Author Tampa Posts:1,342 Points:88,595 Joined:Feb 2011	Message Posted: Apr 6, 2012 10:48:48 PM Ignore akitaone Report Abuse really no suprise there.
Blue48 Champion Author Illinois Posts:7,285 Points:1,633,945 Joined:Feb 2007	Message Posted: Apr 6, 2012 10:35:20 PM Ignore Blue48 Report Abuse WE SHALL SEE HOW BIG THE BATTLE GETS!
skybiker Champion Author South Carolina Posts:7,272 Points:1,555,415 Joined:Jul 2008	Message Posted: Apr 6, 2012 10:18:51 PM Ignore skybiker Report Abuse They will sell overseas and cause prices here to go up,,,,
boborobot All-Star Author Michigan Posts:501 Points:413,075 Joined:Dec 2011	Message Posted: Apr 6, 2012 9:48:16 PM Ignore boborobot Report Abuse It doesn't matter. Gas prices still to high.
SparkieMi Champion Author Kalamazoo Posts:3,239 Points:584,220 Joined:Sep 2011	Message Posted: Apr 6, 2012 9:48:07 PM Ignore SparkieMi Report Abuse There must be a way to work this out before it explodes in both countries faces!!!
wz Champion Author Twin Cities Posts:2,469 Points:1,272,565 Joined:Feb 2009	Message Posted: Apr 6, 2012 9:45:51 PM Ignore wz Report Abuse Exporting makes more sense than burning it off as waste, which is the current policy at many oil fields and refineries. Competition with Canada will at least be civilized and should help keep prices down for domestic customers.
JagXKR Champion Author British Columbia Posts:3,134 Points:1,086,855 Joined:Dec 2009	Message Posted: Apr 6, 2012 9:43:31 PM Ignore JagXKR Report Abuse Competition is a good thing, monopoly's are bad.
camaro_man Champion Author Kitchener-Waterloo Posts:2,209 Points:606,985 Joined:Jun 2010	Message Posted: Apr 6, 2012 9:40:57 PM Ignore camaro_man Report Abuse wow
nvwarped All-Star Author Corpus Christi Posts:893 Points:451,500 Joined:Sep 2011	Message Posted: Apr 6, 2012 9:38:02 PM Ignore nvwarped Report Abuse ok
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: Apr 6, 2012 9:37:19 PM Ignore babugp Report Abuse sure CNG is well worth.. it is very populer in south asia
pbear316 Champion Author Akron Posts:2,010 Points:673,140 Joined:Apr 2011	Message Posted: Apr 6, 2012 9:36:21 PM Ignore pbear316 Report Abuse Build the pipeline
tes283 All-Star Author Tampa Posts:865 Points:368,850 Joined:Dec 2011	Message Posted: Apr 6, 2012 9:34:45 PM Ignore tes283 Report Abuse sometimes more competition is good.
nimpy Champion Author Indianapolis Posts:8,115 Points:1,697,105 Joined:Oct 2007	Message Posted: Apr 6, 2012 9:32:47 PM Ignore nimpy Report Abuse The government will get involved and spoil everything
vrossi46 Champion Author San Jose Posts:2,657 Points:801,895 Joined:Oct 2008	Message Posted: Apr 6, 2012 9:28:47 PM Ignore vrossi46 Report Abuse we need more CNG cars + infrastructure to take advantage of it
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Apr 6, 2012 9:27:27 PM Ignore frostyWV Report Abuse ok
us4usa Champion Author Missouri Posts:5,976 Points:1,108,585 Joined:May 2008	Message Posted: Apr 6, 2012 9:23:49 PM Ignore us4usa Report Abuse “So ironically, the U.S. politicians may argue about ths issue but if they don’t take advantage, Canada will, and gas prices will still go up. For the U.S., it’s a case of use it or lose it.” And DC is playing circle jerk with Solar and wind...
duffee01 All-Star Author Mississippi Posts:776 Points:425,765 Joined:Sep 2011	Message Posted: Apr 6, 2012 9:20:50 PM Ignore duffee01 Report Abuse ok.
CamryCheapster Sophomore Author Massachusetts Posts:179 Points:2,185,825 Joined:Nov 2005	Message Posted: Apr 6, 2012 9:19:26 PM Ignore CamryCheapster Report Abuse While natural gas is still cheap the US should build the equivalent of the Strategic Petroleum Reserve to stockpile some.
lone Rookie Author Arizona Posts:13 Points:530,360 Joined:Feb 2003	Message Posted: Apr 6, 2012 9:11:07 PM Ignore lone Report Abuse cheap today ... price it for export at the real costs and leave it for us at a lower affordability price domestically.
jerej829 Champion Author Memphis Posts:2,831 Points:689,590 Joined:May 2011	Message Posted: Apr 6, 2012 9:10:18 PM Ignore jerej829 Report Abuse Ok
MINIWINI598 Champion Author Washington Posts:2,995 Points:514,700 Joined:Dec 2011	Message Posted: Apr 6, 2012 9:09:28 PM Ignore MINIWINI598 Report Abuse ok
SparkieMi Champion Author Kalamazoo Posts:3,239 Points:584,220 Joined:Sep 2011	Message Posted: Apr 6, 2012 9:05:44 PM Ignore SparkieMi Report Abuse Pump prices will not come down because of GREED, Wall Street and speculation.....
WebGabe Champion Author Pennsylvania Posts:2,349 Points:492,620 Joined:Jun 2007	Message Posted: Apr 6, 2012 9:05:32 PM Ignore WebGabe Report Abuse Ok.
ratones1 Champion Author Los Angeles Posts:2,892 Points:727,230 Joined:Mar 2011	Message Posted: Apr 6, 2012 9:04:40 PM Ignore ratones1 Report Abuse VERY, VERY GOOD...
murph777 Veteran Author New Jersey Posts:328 Points:65,180 Joined:Jan 2012	Message Posted: Apr 6, 2012 9:03:54 PM Ignore murph777 Report Abuse Competition is, hopefully, good.
umitb Champion Author Indianapolis Posts:3,653 Points:839,440 Joined:Apr 2010	Message Posted: Apr 6, 2012 9:03:54 PM Ignore umitb Report Abuse ok
radstevepa Veteran Author Pennsylvania Posts:401 Points:87,145 Joined:Jun 2011	Message Posted: Apr 6, 2012 9:00:57 PM Ignore radstevepa Report Abuse Time to get a diesil that can run on nat gas
stephen2155 Champion Author North Carolina Posts:3,004 Points:653,580 Joined:Jun 2011	Message Posted: Apr 6, 2012 9:00:43 PM Ignore stephen2155 Report Abuse Ok
UC2 Champion Author Ventura Posts:1,305 Points:318,255 Joined:May 2010	Message Posted: Apr 6, 2012 8:55:16 PM Ignore UC2 Report Abuse good for consumers but for how long?
bif65 Champion Author Virginia Posts:1,023 Points:194,755 Joined:Jan 2011	Message Posted: Apr 6, 2012 8:53:52 PM Ignore bif65 Report Abuse ok
ericbcire Champion Author Nevada Posts:4,500 Points:1,263,485 Joined:Aug 2009	Message Posted: Apr 6, 2012 8:53:21 PM Ignore ericbcire Report Abuse Competition is good.
DCbeachbum Champion Author South Carolina Posts:2,637 Points:901,265 Joined:May 2010	Message Posted: Apr 6, 2012 8:52:33 PM Ignore DCbeachbum Report Abuse I think a little competition is good for both countries. It will keep the price of LNG down.
Focus2 Champion Author Illinois Posts:7,885 Points:1,917,300 Joined:Mar 2006	Message Posted: Apr 6, 2012 8:47:46 PM Ignore Focus2 Report Abuse But regardless of the U.S. decision on LNG exports, gas prices will go up as export avenues open up." This is what I have been saying for a long time now, but I don't think the American public see the writing on the wall. There is a world market for oil and any liquid form of energy! Liquid Natural Gas (LNG) is very desirable for shipment to the Asian market. Japan and other countries have been buying it for some time now paying prices triple what they get for it in the USA. Cheniere has applied for and received a permit to export LNG from the Gulf to foreign markets. Others are jumping at the chance to export our natural resources also. I feel that will be the end of our cheap natural gas for heating homes as well as for transportation which hasn't caught on yet. I feel about the time we can switch to natural gas for cars, it will no longer be $1.19 a gallon but $6 or more. We play by the rule which is bend over, and big oil has one, greed!
feistyfella All-Star Author Georgia Posts:875 Points:190,070 Joined:Jun 2010	Message Posted: Apr 6, 2012 8:46:02 PM Ignore feistyfella Report Abuse I'm ready to rumble.
walkingtall Champion Author Toronto Posts:3,974 Points:1,116,705 Joined:Nov 2004	Message Posted: Apr 6, 2012 8:42:47 PM Ignore walkingtall Report Abuse Wait till more velchies use natural gas and the the price will soar,like everything else.
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Apr 6, 2012 8:41:15 PM Ignore Agarre Report Abuse ok