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U.S. low-price gas deal shifts landscape for LNG

The Vancover Sun -- VICTORIA/CALGARY — British Columbia’s first major liquefied natural gas export terminal is facing a significant new challenge after a rival U.S. exporter signed a deal undercutting the hoped-for price for selling gas into Asian markets.

David Calvert, an Apache Corp. vice-president and manager of the Kitimat LNG terminal said U.S.-based Cheniere Energy Inc. set a dangerous precedent by agreeing to sell gas from its proposed Louisiana export terminal based on heavily discounted North American gas prices.

“Cheniere did a deal ... that created quite a ripple through the marketplace,” Calvert said Tuesday, adding the deal has created “unrealistic” expectations for products from Kitimat LNG.

Speaking to an Energy Roundtable audience in Calgary on Tuesday, Calvert said the Kitimat site

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Submitted Oct 04, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Oct 4, 2012 10:53:00 PM
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Interesting article Aservant...thanks for posting!
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knutzAL
Champion Author Alabama

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Message Posted: Oct 4, 2012 9:37:40 AM
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k
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Skunk63
Champion Author Phoenix

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Message Posted: Oct 4, 2012 9:33:49 AM
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Competition bringing lower prices.
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eschroth442
Champion Author Cleveland

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Message Posted: Oct 4, 2012 8:42:33 AM
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why to go Cheniere, Now make it happen and still make money.
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zwsn01
All-Star Author Alabama

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Message Posted: Oct 4, 2012 7:51:07 AM
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Finally, a US company undercutting someone else instead of the other way around.
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gd83goldwinger
Champion Author South Bend

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Message Posted: Oct 4, 2012 6:36:32 AM
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why sell to other countries.
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D4444J
Champion Author Albuquerque

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Message Posted: Oct 4, 2012 5:31:15 AM
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Why send fuel across the globe?
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7SPEEDY7
Champion Author Flint

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Message Posted: Oct 4, 2012 4:46:20 AM
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Maybe!
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Happytalk
Champion Author Pennsylvania

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Message Posted: Oct 4, 2012 2:54:55 AM
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only time will tell
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TXRanger09
Champion Author Dallas

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Message Posted: Oct 4, 2012 2:50:47 AM
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Sure Japan paid $17 for LNG last July, but they were still recovering from a shut down of nuclear power plants following earthquakes. Whats the current Asian price?
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NotmeuQc
Champion Author Montreal

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Message Posted: Oct 4, 2012 2:46:26 AM
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Not good news for our new export terminal.
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gamalerin
Champion Author Tampa

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for how long ?
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lgwhitlock
Champion Author Chico

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Time will tell the truth of this...
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wally52
Champion Author Little Rock

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We need to keep the fuel here.
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Quick68
Champion Author Columbus

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Message Posted: Oct 4, 2012 2:28:19 AM
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The price of LNG is not as low as the government wants you to think.
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jcurley
Champion Author California

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Message Posted: Oct 4, 2012 2:21:44 AM
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Put an export tax on LNG - keep it here and convert our cars to run on it. Stop exporting cheap energy that is relatively clean!
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SteveMartin
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Message Posted: Oct 4, 2012 2:21:12 AM
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k
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sdchris
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really now...
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SaraiM
Champion Author St. Louis

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ok
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jimgraham
Champion Author Akron

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Message Posted: Oct 4, 2012 2:19:24 AM
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If they sell it too cheap, Cheniere will go bankrupt.
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mossimo36
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Not a good thing.
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Samo1961
Champion Author Los Angeles

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WOW, something to think about.
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djgunrunner
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Sounds like a knife fight in a pitch black room.
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quasar502
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Again.
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memo81
Champion Author St. Louis

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Message Posted: Oct 4, 2012 2:09:56 AM
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We better not hurt ourselves in the process of selling our resources overseas.
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dieselgus1
All-Star Author Montana

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Message Posted: Oct 4, 2012 2:08:36 AM
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its called business...the one who can offer the best price and service wins. stop whining.
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findcheap
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ok
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rollercoaster
All-Star Author Hartford

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our leader is coming 33 days !!!!!!!!
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steve621
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AskMeLater
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ok
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runner74
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ok
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1Boog
Champion Author Lincoln

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fuel should not be exported to the other side of the world!!
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UseLessGasFolks
Champion Author Iowa

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Another case of OUR precious fossil fuels being sent to CHINA!!!!!!
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firefly09
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Nope.
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Retowered
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Interesting.
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mrjames1818
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Bad move
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unclenorman
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LNG may have a lot of upside but where do I fill up?
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abacus44
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Go LNG!
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pulpwood
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It failed in the eighties, better luck this time around.
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TXryder
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go ng
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BobD2009
Champion Author Long Island

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Message Posted: Oct 4, 2012 1:53:53 AM
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LNG is the fuel of the future.
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greenfog
Champion Author Illinois

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so now they are having CNG wars.
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yelobus
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Ok.
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pricewar
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How can we become dependent like canada?
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TheeRedRam
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Hummm
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relmers
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ok
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Dragnet
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always some hype to take the focus off the real problem
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vulcan96
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a new speculation source....
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DrivingFool2
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The price we pay for it will go up so they can subsidize Asia
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BWJM
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ok
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