Posted March 11, 2014
Liquefied Natural Gas as a Geopolitical Tool
Denver Post Editorial: Speeding up U.S. natural gas exports was a good idea even before the crisis in Crimea, but it's an even better idea now.
It's not as if U.S. exports are going to undermine Vladimir Putin's imperialistic designs in the short term. Ukraine would love to be less dependent on Russia for natural gas, but the export infrastructure in the U.S. for liquefied natural gas (LNG), particularly in terms of ports, isn't ready.
Indeed, the earliest that an export terminal is expected to come on line is in late 2015, with other terminals becoming operational perhaps a couple of years later. For that matter, the government doesn't direct where exports go. If the price in Asia for LNG is higher than in Europe, U.S. exports will tend to wind up there.
Still, the more gas is available worldwide, the less leverage Putin will have in bullying neighbors and in talks with European powers such as Germany, which also depends on Russian gas.
Read more: http://bit.ly/Oir8IH
More industry news:
When Drillers Arrived in the Marcellus, Hog Father’s Barbeque Was Ready: http://bit.ly/1ngL9ze
6 Reasons the Keystone XL Pipeline is in America’s National Interest: http://uscham.com/1cRB027
Fracking Efficiently: Government Changes How it Calculates Future Oil and Natural Gas Production because Wells are Producing More than Before: http://bit.ly/NXEJoZ
In Fracking, the Energy Business Gets Neighborly: http://on.wsj.com/1nhsVhd
Harvey Weinstein, ‘Big Oil’, and Rational Tax Policy: http://onforb.es/1fSh44Z
Natural Gas Output Rising in Five of Six Biggest U.S. Shale Plays in April: http://bit.ly/1kfBc0l
Why Are We Still Waiting for Keystone XL Approval? http://bit.ly/1cuPDh4
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.