An offhand remark on my last post made me think a little more about how significant methane will become over the next decades and what will end the show – and when.
While the world was having a beauty sleep an earth moving event sent ripples through the Barents Sea – and made the infantile dreams of the classical energy monopolist in Europe (trust me – they are still an abundant species but they have learned to don the market gloves) a little less sweaty.
Those going for LNG as a fuel were always on the exotic side of life in Europe. Not only were they grappling with infrastructure problems,…
Cheap oil is gone, expensive oil comes in. But that changes the architecture of the energy planet more than most would like to think.
Its a thorny question. And not one with a clear cut answer possible. But I have been exposed to both and will jump into the…
LNG regasification has been a no-business for pretty much all of its history. The terminal owners/operators are pretty happy with this state of affairs as their life was real simple so far. Dont move and take in guaranteed returns – that was the mantra. All this will have to change if the LNG industry is serious about going normal.
Methane Hydrates are known to the world as burning ice. It is an oddity to the energy industry and easily shrugged off but they are more imminent than many executives like to think. The LNG projects under construction today will bear its scars.
Many would be buyers are not very nimble when it comes to secure volumes of LNG. No surprise here, as many are behaving like the BORG from Star Trek. We are the BORG – resistance is futile. But is that really a recipe for success?
Shale looks like LNG’s nemesis – on the surface at least. Look harder. It sure killed THE big hope of the LNG world – namely the prospect of the US becoming a premium LNG buyer. But this also has jump started LNG as a fuel.
It’s incredible how misunderstood Natural Gas and especially LNG is by the general public. It’s the solution to many of our problems (at least energy wise) and still it has a bad name. That’s a shame as this stuff is so incredibly cool, it would have to be invented if it did not exist already.