ronwagn

U.S. Gas Export Pioneers Sell Shares to Satisfy Loans

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https://finance.yahoo.com/news/u-gas-export-pioneers-forced-033020279.html

U.S. Gas Export Pioneers Forced to Sell Shares to Satisfy Loan Requirements

Meanwhile tha Saudis are getting into the shale fracking and natural gas export business. Many other countries are planning on exporting from new sites. How much of this natural gas will get exported as LNG or diverted to nearby pipelines? What is the future of LNG and piped natural gas? 

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53 minutes ago, ronwagn said:

What is the future of LNG and piped natural gas? 

 Oversupply  !

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Ron:

Natural gas is the energy of the future. I doubt seriously that we'll ever in our lifetimes see NG over $2.50/btu.

LNG will continue to profit and build out floating offloading terminals. 

This is a great longterm energy solution. 

 

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Yes, oversupply with a growing offtake as LNG displaces diesel in shipping and as chemical input. NGLs are also replacing petrochem inputs. 25% of oil demand is thus on the table to disappear over the next decade even before we consider the demographic decline of industrialized nations. 

The LNG consumption will eventually balance the huge energy content price gap between the two against Brent and diesel made from it. It will always remain, but not to a 5 to 10 fold range. Driving forces that powerful are not sustainable. 

 

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