08-12-2013, 01:54 PM
Std,
While i agree the US has tremendous potential its not quite that easy. Only 3 LNG export projects have been approved so far and there is already a sizeable backlog. In addition most of these Gas fields in areas like the Eagle Ford & Bakken have break even costs of around $3.50-$4 so right now those areas arent even being drilled. It will take some time to get these LNG export projects approved & online. Then you will also have to convince these NG & Oil Co to start drilling again many of whom lost Billions when NG prices dropped. PNG LNG on the other hand could ad a train or two quite easily and quickly from what I understand
While i agree the US has tremendous potential its not quite that easy. Only 3 LNG export projects have been approved so far and there is already a sizeable backlog. In addition most of these Gas fields in areas like the Eagle Ford & Bakken have break even costs of around $3.50-$4 so right now those areas arent even being drilled. It will take some time to get these LNG export projects approved & online. Then you will also have to convince these NG & Oil Co to start drilling again many of whom lost Billions when NG prices dropped. PNG LNG on the other hand could ad a train or two quite easily and quickly from what I understand