Asian demand for North American gas also will be muted because of differing content standards between the continents, Mohanty said.
In the U.S., liquid components of the gas stream such as butane and ethane tend to be separated from the methane to prevent pipeline clogs and so that they can be used by chemical producers. Asian import plants designed to handle so-called rich gas from Indonesia or Malaysia won’t run as efficiently on stripped-down U.S. supplies, he said. They want the feed stock.
The only current LNG producer exporting U.S.-produced gas outside the group of free-trade partners is Houston-based ConocoPhillips (COP), owner of a liquefaction plant on Alaska’s Kenai peninsula (91401MF) that opened in 1969.
Very slick political angle?
Looks to me if Obama is re-elected we are setup for a domestic demand/supply shock within his second term. Asia can and will displace oil with natural gas so the world price in relation to oil should hold.
The Chinese elite must just laugh and laugh at Obama America. $2 natural gas and we cannot get it into our economy fast enough so production is being shut in. Stunning. No, what we need to do is buy their solar silicon made with our coal energy.
So frustrating. This is why America used to run on free markets before the EPA some how got ahold of Unconstitutional powers to further this Progressive delusion.
Believe me they laugh and laugh and laugh at how hopeless we are today.