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The coming battle over natural gas

Financial Post -- From co-dependent natural gas consumers and developers, Canada and the United States may soon be competing with each other as both countries start advancing their production plans for liquefied natural gas (LNG).

“I think there is a sense of competition at the moment between the U.S. and Canada for the [Asian] market,” said Noel Tomnay, head of global gas at Wood Mackenzie, an energy research and consulting firm.

Rising natural gas production on both sides of the border, coupled with benchmark Henry Hub prices tracking 31-year lows, are forcing North American producers to find growing markets willing to pay more.

“Currently, the U.S. is clearly advantaged because it has the existing infrastructure,” Mr. Tomnay said.

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Submitted Apr 06, 2012 By: dasAuto

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Car54BC08 Champion Author British Columbia Posts:4,259 Points:1,511,315 Joined:Jun 2008	Message Posted: Apr 6, 2012 12:14:51 PM Ignore Car54BC08 Report Abuse Just because there is a large supply of natural gas doesn't mean you have to use it all up ASAP.
jamieg2012 Veteran Author Sioux Falls Posts:286 Points:11,385 Joined:Jan 2012	Message Posted: Apr 6, 2012 12:14:47 PM Ignore jamieg2012 Report Abuse if the economy of a natural gas car would be better than other fuels i would drive a natural gas car i just need to know the fuel economy and if it gets high enough to make it worth buying
TheDix Champion Author Ontario Posts:3,094 Points:600,210 Joined:Dec 2009	Message Posted: Apr 6, 2012 12:14:40 PM Ignore TheDix Report Abuse Better get Fracking.
bluebird1 Champion Author Toronto Posts:15,735 Points:3,108,125 Joined:May 2004	Message Posted: Apr 6, 2012 12:14:38 PM Ignore bluebird1 Report Abuse Gee, I guess we'll just have to ship more of our gas/oil over there (since Obama doesn't want it) & that'll nullify the LNg war!!!
kuma2000 Champion Author Honolulu Posts:3,223 Points:674,150 Joined:Jun 2011	Message Posted: Apr 6, 2012 12:13:19 PM Ignore kuma2000 Report Abuse maximize your profits
pecos Champion Author Columbus Posts:7,725 Points:2,112,285 Joined:Jul 2005	Message Posted: Apr 6, 2012 12:12:40 PM Ignore pecos Report Abuse Always going to be a battle over something...
greenfog Champion Author Illinois Posts:6,490 Points:1,639,020 Joined:Feb 2008	Message Posted: Apr 6, 2012 12:12:37 PM Ignore greenfog Report Abuse then they will start drilling more and fracking more and destroy more fresh water supplies.
mplato Champion Author Columbia Posts:8,254 Points:1,816,245 Joined:Jun 2004	Message Posted: Apr 6, 2012 12:11:48 PM Ignore mplato Report Abuse hope natural gas wins
orcar Champion Author Boise Posts:2,063 Points:778,740 Joined:Jun 2010	Message Posted: Apr 6, 2012 12:11:16 PM Ignore orcar Report Abuse Ship it to China at 1000 times the cost.
OOXXFF Champion Author Greensboro Posts:3,063 Points:1,079,405 Joined:Sep 2009	Message Posted: Apr 6, 2012 12:11:00 PM Ignore OOXXFF Report Abuse Bad news.
Bullseye520 Champion Author Louisville Posts:2,202 Points:668,365 Joined:Apr 2011	Message Posted: Apr 6, 2012 12:09:56 PM Ignore Bullseye520 Report Abuse Interesting
knot2swift Champion Author Calgary Posts:4,388 Points:697,955 Joined:Nov 2009	Message Posted: Apr 6, 2012 12:09:24 PM Ignore knot2swift Report Abuse We in Canada have the problem the worst for we set ourselves up to ship oil and gas to the US. For us to ship to Asia, we would have to fight every environmentalist and every aboriginal for every foot through B.C. from Alberta. British Columbia is known to us as the province the most full of "Tree Huggers".
Bigtex09 Champion Author Dallas Posts:4,288 Points:1,160,035 Joined:Oct 2009	Message Posted: Apr 6, 2012 12:07:36 PM Ignore Bigtex09 Report Abuse drill
Lukus Champion Author Halifax Posts:8,288 Points:1,675,505 Joined:Nov 2007	Message Posted: Apr 6, 2012 12:07:17 PM Ignore Lukus Report Abuse OK
naiiawah Champion Author Boise Posts:2,395 Points:690,075 Joined:Mar 2011	Message Posted: Apr 6, 2012 12:06:37 PM Ignore naiiawah Report Abuse Always amazes me that you can ship bulk commodities like this around the world and still have it be affordably priced.
savannahoaks Champion Author Rockford Posts:2,702 Points:636,210 Joined:Mar 2011	Message Posted: Apr 6, 2012 12:06:17 PM Ignore savannahoaks Report Abuse Good for US.
chyguy3 Champion Author Wyoming Posts:2,855 Points:859,540 Joined:Sep 2006	Message Posted: Apr 6, 2012 12:04:42 PM Ignore chyguy3 Report Abuse more talk, but less action being taken.
mickeymike Champion Author Pennsylvania Posts:2,843 Points:596,845 Joined:Feb 2011	Message Posted: Apr 6, 2012 12:04:08 PM Ignore mickeymike Report Abuse OK...let's see what happens with a new administration!
NukeAtComEd All-Star Author Milwaukee Posts:725 Points:338,520 Joined:Jan 2011	Message Posted: Apr 6, 2012 12:00:27 PM Ignore NukeAtComEd Report Abuse barryO and the EPA will stop anything that does not promote green!! so expect the permitting process for this type of manufacturing facility to take decades!!
Rabbit_007 Rookie Author Ohio Posts:60 Points:28,375 Joined:Apr 2011	Message Posted: Apr 6, 2012 12:00:11 PM Ignore Rabbit_007 Report Abuse Ok
CapNC Veteran Author North Carolina Posts:392 Points:362,635 Joined:Jul 2011	Message Posted: Apr 6, 2012 11:58:45 AM Ignore CapNC Report Abuse doesn't matter what we have, we've got mega gallons of oil in Alaska - the problem is with the LEADER of this country - don't have one now - just a pretend leader who want wants to grow algee and use our tax dollars for his buddys to build useless solar panels
NanookAK Champion Author Anchorage Posts:7,253 Points:1,441,015 Joined:Nov 2007	Message Posted: Apr 6, 2012 11:57:45 AM Ignore NanookAK Report Abuse I don't think the U.S. has an enough "existing infrastructure" for the development of our natural gas resources. More building is needed but the greedy oil industry doesn't want that to happen as it may adversely affect their obscene billions in profits from oil.
smoketown Champion Author Cincinnati Posts:6,236 Points:1,382,850 Joined:Feb 2008	Message Posted: Apr 6, 2012 11:57:11 AM Ignore smoketown Report Abuse Who cares the price is not going to change............
Bud122CA Champion Author California Posts:7,471 Points:1,606,075 Joined:Jul 2008	Message Posted: Apr 6, 2012 11:56:52 AM Ignore Bud122CA Report Abuse Competition is a good thing. Just drill and lower our prices.
deerchaser All-Star Author Lincoln Posts:792 Points:1,253,210 Joined:Sep 2005	Message Posted: Apr 6, 2012 11:51:30 AM Ignore deerchaser Report Abuse What has happened to all the talk from the Obama administration that we need a good strong energy policy? That's one area everyone agrees on but nothing has been done about it over the last 40 years. It is time for them to get started.
Pozole Champion Author Portland Posts:9,603 Points:1,595,495 Joined:Mar 2005	Message Posted: Apr 6, 2012 11:51:13 AM Ignore Pozole Report Abuse ...I sure wouldn't want to live ANYWHERE near where those floating mega-bombs are being loaded or filled or emptied...they'd level everything within a mile if they went off...slow down production until usage and storage capabilities are up... [Edited by: Pozole at 4/6/2012 11:54:00 AM EST]
MightyDude Champion Author Minnesota Posts:10,355 Points:2,648,970 Joined:Mar 2003	Message Posted: Apr 6, 2012 11:50:47 AM Ignore MightyDude Report Abuse this is good ?
DblChek Champion Author San Antonio Posts:2,345 Points:615,245 Joined:Jul 2008	Message Posted: Apr 6, 2012 11:49:35 AM Ignore DblChek Report Abuse Good point, US412. Something to think about. Drill Here. Refine Here. Sell Here. Employ Here.
emernal Champion Author St. Louis Posts:6,925 Points:2,012,855 Joined:Mar 2004	Message Posted: Apr 6, 2012 11:49:03 AM Ignore emernal Report Abuse People will be whining in 10 years about how high natural gas cost as we ship more and more overseas. It is a global economy which determines energy prices not where the product is extracted. We need more research and development into alternative energy and more efficient use of energy.
sivart Champion Author Arkansas Posts:18,232 Points:3,071,935 Joined:May 2004	Message Posted: Apr 6, 2012 11:47:56 AM Ignore sivart Report Abuse OK
us412 Champion Author Arkansas Posts:22,823 Points:2,417,230 Joined:Apr 2006	Message Posted: Apr 6, 2012 11:45:50 AM Ignore us412 Report Abuse How can Asia buy ours cheaper than produce their own gas supplies? Because they are using our own Worthless Dollars to buy something that has actual value and save their natural resources for later.
Jeepergeo Champion Author San Bernardino Posts:1,380 Points:587,680 Joined:Jan 2011	Message Posted: Apr 6, 2012 11:45:16 AM Ignore Jeepergeo Report Abuse The U.S. has a disadvantage because it does not have an effective Energy Policy. The current POTUS and former POTUS all share blame, but the guy in the seat now is the one holding the ball. Hopefully, he'll do something his former POTUS did not or could not do. Hopefull, but not hold my breath.
tree_shakker Veteran Author Ontario Posts:427 Points:187,480 Joined:May 2011	Message Posted: Apr 6, 2012 11:45:12 AM Ignore tree_shakker Report Abuse Let them burn rice!
cableman31 Champion Author New York Posts:8,838 Points:2,017,775 Joined:May 2004	Message Posted: Apr 6, 2012 11:43:04 AM Ignore cableman31 Report Abuse Get CNG vehicles on the highways and and the gas will be used from AMERICAN WELLS.
Clits All-Star Author Louisiana Posts:866 Points:257,040 Joined:Mar 2005	Message Posted: Apr 6, 2012 11:43:03 AM Ignore Clits Report Abuse So that will????
firemunkee Veteran Author Maryland Posts:408 Points:56,450 Joined:Jan 2012	Message Posted: Apr 6, 2012 11:42:21 AM Ignore firemunkee Report Abuse we'll see
gumbyrex Champion Author Fresno Posts:3,301 Points:760,040 Joined:Mar 2011	Message Posted: Apr 6, 2012 11:41:23 AM Ignore gumbyrex Report Abuse They say competition is good... well we will soon see.
2granny Champion Author Michigan Posts:9,580 Points:1,467,230 Joined:Apr 2009	Message Posted: Apr 6, 2012 11:39:11 AM Ignore 2granny Report Abuse Keep it here and our prices down.
bart_reed Champion Author Los Angeles Posts:3,979 Points:786,605 Joined:Mar 2011	Message Posted: Apr 6, 2012 11:37:52 AM Ignore bart_reed Report Abuse What will the market do?
blazerbob91 Champion Author Milwaukee Posts:6,145 Points:1,883,670 Joined:Aug 2005	Message Posted: Apr 6, 2012 11:33:57 AM Ignore blazerbob91 Report Abuse Keep the gas here.
crusty1 All-Star Author Chicago Posts:659 Points:412,755 Joined:Oct 2008	Message Posted: Apr 6, 2012 11:33:29 AM Ignore crusty1 Report Abuse Where or where are our CNG cars?
egd Champion Author Twin Cities Posts:8,095 Points:2,119,275 Joined:Mar 2005	Message Posted: Apr 6, 2012 11:32:28 AM Ignore egd Report Abuse there is a limited market at this time due to the small LNG tankers to carry the product transoceanic
SSchmidty Champion Author Illinois Posts:9,353 Points:1,778,030 Joined:Mar 2008	Message Posted: Apr 6, 2012 11:31:09 AM Ignore SSchmidty Report Abuse Pig-oil will lose out big time because we have Nat gas in great abundance under our land
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: Apr 6, 2012 11:30:25 AM Ignore maske_2222 Report Abuse ok......
Melven Champion Author Utah Posts:4,093 Points:1,488,440 Joined:Jul 2005	Message Posted: Apr 6, 2012 11:29:38 AM Ignore Melven Report Abuse I love paying $1.49 / GGE to fill up my Natural Gas car in Utah!
teatiger Champion Author Dallas Posts:2,685 Points:1,477,840 Joined:Nov 2008	Message Posted: Apr 6, 2012 11:28:43 AM Ignore teatiger Report Abuse Why do we NOT have an energy plan, what is diverse, well thought out, practical, efficient, and cost effective?
abacus44 Champion Author Toms River Posts:3,485 Points:748,715 Joined:Jan 2011	Message Posted: Apr 6, 2012 11:28:41 AM Ignore abacus44 Report Abuse Would be nice to EXPORT to China for a change.
BWALL2700 Champion Author Illinois Posts:2,174 Points:195,735 Joined:Apr 2011	Message Posted: Apr 6, 2012 11:27:37 AM Ignore BWALL2700 Report Abuse It doesn't matter. Gas prices still to high.
DaisysMomNC All-Star Author North Carolina Posts:959 Points:200,850 Joined:Jan 2012	Message Posted: Apr 6, 2012 11:27:25 AM Ignore DaisysMomNC Report Abuse We'll See
Norm10 Champion Author British Columbia Posts:3,342 Points:162,925 Joined:Dec 2010	Message Posted: Apr 6, 2012 11:24:49 AM Ignore Norm10 Report Abuse The sooner the better!
Tutootin Champion Author Toronto Posts:10,126 Points:3,078,405 Joined:Jun 2004	Message Posted: Apr 6, 2012 11:24:31 AM Ignore Tutootin Report Abuse dad2two, Excellent question!!!