sunchaser
Guru
- Joined
- Apr 9, 2008
- Messages
- 10,298
- Location
- usa
- Vessel Name
- sunchaser V
- Vessel Make
- DeFever 48 (sold)
There is a major gas shortage in South Australia and the Eastern States, due to over-commitment of long term LNG sales to China, and and less than expected results in coal seam methane production.
btw - I may sound like an anti oil industry greenie, but I've worked in oil & gas exploration and production for 40 years.
North America is awash in natural gas. Prices are ridiculously low with many wells shut in. The ability to move LNG offshore is dependent upon long term contracts and LNG terminals on the Canadian and US west coasts. Alaska has been looking for locales that would enter into long term contracts to justify LNG shipments.
World politics and fanciful thoughts on non fossil fuel power generation are creating some area power shortages. Sounds like SA is one. China and Russia are feverishly working on gas lines to take excess Russian gas production into China. LNG shipments may well be short term because of this. China wants more gas to offset coal generation, especially from their plentiful brown coal mines.
Business expansion relies upon long term power commitments by suppliers. Without a viable plan B, SA will be in for an interesting ride. Hopefully transmission lines from elsewhere in Australia are in good shape. The grid is essential.
Glad to hear you're more than an arm waver Gaston.