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Alaska Sees Asia Driving Annual $20 Billion Via Pipeline

Bloomberg -- Alaska wants a $50 billion pipeline and export complex built to develop natural gas that’s stranded on its icy North Slope. The justification: Asia’s swelling appetite for the fuel.

Governor Sean Parnell gave Exxon Mobil Corp., BP and ConocoPhillips to the end of this month to provide plans to pipe the gas south and condense it into a liquid, known as LNG, for export. Their joint venture would compete with growing global supplies of LNG coming into markets within two decades from Australia, East Africa, the U.S. Gulf Coast and Canada.

Energy explorers and Alaska’s government are trying for the first time to market a resource that may generate as much as $20 billion in annual gas sales. Asian gas buyers as of July paid almost six times the futures price in the U.S., where it has been

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Submitted Sep 26, 2012 By: DellDude2

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madison8359 Champion Author Cleveland Posts:9,049 Points:1,596,220 Joined:Apr 2008	Message Posted: Sep 28, 2012 5:06:51 PM Ignore madison8359 Report Abuse Good.
jcdakota Champion Author Baltimore Posts:1,347 Points:361,345 Joined:Nov 2010	Message Posted: Sep 27, 2012 7:30:07 AM Ignore jcdakota Report Abuse So far Alaska's other pipeline has not had any problems. Good track record.And the money would be good.
sydb7 Champion Author Atlanta Posts:3,563 Points:1,920,900 Joined:Mar 2003	Message Posted: Sep 27, 2012 7:13:52 AM Ignore sydb7 Report Abuse ok
nb52 Champion Author Grand Rapids Posts:7,795 Points:1,549,775 Joined:Nov 2008	Message Posted: Sep 27, 2012 6:30:18 AM Ignore nb52 Report Abuse Sounds good for Alaskans.
tidalwave3 Champion Author Tallahassee Posts:1,311 Points:1,466,515 Joined:Jun 2008	Message Posted: Sep 27, 2012 3:08:43 AM Ignore tidalwave3 Report Abuse Good Luck, really
bearzz Champion Author California Posts:1,447 Points:422,595 Joined:Mar 2011	Message Posted: Sep 27, 2012 1:45:04 AM Ignore bearzz Report Abuse Great (not) . . . more exporting
Ahking Champion Author Orange County Posts:3,522 Points:606,375 Joined:May 2011	Message Posted: Sep 27, 2012 12:20:08 AM Ignore Ahking Report Abuse sounds ok
rahcat Champion Author Grand Rapids Posts:2,483 Points:665,875 Joined:Jan 2010	Message Posted: Sep 27, 2012 12:16:44 AM Ignore rahcat Report Abuse Don't export it.....keep it here.
regout Champion Author Quebec Posts:2,970 Points:835,630 Joined:May 2010	Message Posted: Sep 27, 2012 12:11:14 AM Ignore regout Report Abuse Good.
jrschl Champion Author Louisville Posts:2,982 Points:683,990 Joined:Jun 2011	Message Posted: Sep 27, 2012 12:09:49 AM Ignore jrschl Report Abuse I thought this was going to be a Palin article with the beginning of the headline.
Ray_10589 Champion Author New York Posts:4,961 Points:1,185,910 Joined:May 2009	Message Posted: Sep 27, 2012 12:04:59 AM Ignore Ray_10589 Report Abuse good
bston Champion Author Oklahoma City Posts:1,830 Points:644,975 Joined:Mar 2011	Message Posted: Sep 27, 2012 12:03:40 AM Ignore bston Report Abuse That'll be a big venture.
suicyco16 All-Star Author Phoenix Posts:577 Points:289,695 Joined:Jun 2012	Message Posted: Sep 26, 2012 11:55:16 PM Ignore suicyco16 Report Abuse ok
must87searcher Champion Author Maryland Posts:8,997 Points:1,783,375 Joined:Apr 2008	Message Posted: Sep 26, 2012 11:44:53 PM Ignore must87searcher Report Abuse Interesting idea. There is still some question about it.
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: Sep 26, 2012 11:43:17 PM Ignore abcdMA Report Abuse we should use it to be energy independent
rx7racerca Champion Author Calgary Posts:4,208 Points:1,114,865 Joined:Sep 2008	Message Posted: Sep 26, 2012 11:42:44 PM Ignore rx7racerca Report Abuse DEG - did you read the article? The US market is practically awash in cheap natural gas right now. Alaska gas would never be worth the immense cost of a pipeline to ship to the lower 48 - so it's effectively stranded. On the other hand, a shorter pipeline to get the North Slope gas across the state, there to be liquified and tankered to Asia, where prices are much better, could be profitable. Otherwise, that gas will stay right where it has for decades, too isolated from profitable markets to be worth extracting.
DutchTreatMI Champion Author Grand Rapids Posts:3,325 Points:754,615 Joined:Mar 2011	Message Posted: Sep 26, 2012 11:41:17 PM Ignore DutchTreatMI Report Abuse It might make it easier to ship to Asia then to pipeline it down to the lower 48 states.
boatmen Champion Author New York Posts:3,095 Points:625,505 Joined:Jan 2011	Message Posted: Sep 26, 2012 11:41:12 PM Ignore boatmen Report Abuse What about taxing the hell out of these company's that send US fuels overseas we need help here save our resources for use here not abroad
jrsva Champion Author Virginia Posts:9,866 Points:1,615,135 Joined:Jan 2006	Message Posted: Sep 26, 2012 11:41:07 PM Ignore jrsva Report Abuse “What happens when a natural gas pipeline bursts?” It’s pretty dramatic. Years ago when I lived in town, a NG distribution line under the street in front of my house ruptured during construction work. I think it was about a 4-inch pipe. It screamed like a banshee, shooting a visible geyser of gas 50 or 60 feet in the air. Fortunately it was shut off before it ignited. I cannot imagine what would have happened if that torch got lit; a holocaust for anything nearby, like my house.
mrselfdestruct Champion Author Arkansas Posts:1,014 Points:170,525 Joined:Aug 2011	Message Posted: Sep 26, 2012 11:37:55 PM Ignore mrselfdestruct Report Abuse Make them build it, and tax the f@&k out of it. Let them pass that cost on too.
DEG Champion Author Las Vegas Posts:17,635 Points:3,497,630 Joined:Jul 2003	Message Posted: Sep 26, 2012 11:37:05 PM Ignore DEG Report Abuse The US should be working on making itself energy independent instead of enriching the Chinese market.
vtaylor75 Rookie Author Chicago Posts:3 Points:1,020 Joined:Mar 2012	Message Posted: Sep 26, 2012 11:36:17 PM Ignore vtaylor75 Report Abuse I hope it works out
PoohMcGoo Champion Author Alabama Posts:3,077 Points:803,385 Joined:Dec 2010	Message Posted: Sep 26, 2012 11:35:28 PM Ignore PoohMcGoo Report Abuse Here we go exporting our natural resources again.
clermont40miles Champion Author Cincinnati Posts:10,588 Points:1,774,820 Joined:Apr 2008	Message Posted: Sep 26, 2012 11:34:05 PM Ignore clermont40miles Report Abuse Hate to see exports - especially to the Chinese. Make sure they pay a premium.
CCLighthouse Champion Author Hartford Posts:1,023 Points:216,930 Joined:Aug 2012	Message Posted: Sep 26, 2012 11:30:48 PM Ignore CCLighthouse Report Abuse Biz owners are visionaries.
suzmar Champion Author Texas Posts:2,214 Points:874,980 Joined:Jun 2006	Message Posted: Sep 26, 2012 11:26:43 PM Ignore suzmar Report Abuse Sounds like a good plan.
200porter Champion Author Toronto Posts:2,080 Points:545,060 Joined:Sep 2011	Message Posted: Sep 26, 2012 11:25:17 PM Ignore 200porter Report Abuse Following Canada's lead in selling oil to Asia/China?
fcdriver Champion Author Tennessee Posts:7,263 Points:1,476,755 Joined:Sep 2008	Message Posted: Sep 26, 2012 11:21:51 PM Ignore fcdriver Report Abuse take what we can get
bonzoonfmb Champion Author Florida Posts:1,792 Points:646,535 Joined:Feb 2010	Message Posted: Sep 26, 2012 11:18:17 PM Ignore bonzoonfmb Report Abuse The companies should sell Asia and Australia the natural gas that they have in Alaska. U.S. retailers will be unwilling to create the infrastructure for distribution to the final consumers in most places domestically.
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Sep 26, 2012 11:18:10 PM Ignore mstearno Report Abuse where's our pie?
WIPACKERFAN Champion Author Chicago Posts:8,814 Points:1,845,400 Joined:Aug 2005	Message Posted: Sep 26, 2012 11:17:49 PM Ignore WIPACKERFAN Report Abuse OK.
farn1958 All-Star Author Twin Cities Posts:886 Points:183,385 Joined:Feb 2011	Message Posted: Sep 26, 2012 11:14:10 PM Ignore farn1958 Report Abuse ok.
hank1326 Champion Author Los Angeles Posts:8,924 Points:1,736,510 Joined:Jun 2008	Message Posted: Sep 26, 2012 11:13:47 PM Ignore hank1326 Report Abuse Interesting. Time will tell the truth.
usnerd Veteran Author Dayton Posts:317 Points:230,805 Joined:Jul 2012	Message Posted: Sep 26, 2012 11:13:15 PM Ignore usnerd Report Abuse What happens when a natural gas pipeline bursts?
abacus44 Champion Author Toms River Posts:3,495 Points:750,665 Joined:Jan 2011	Message Posted: Sep 26, 2012 11:12:59 PM Ignore abacus44 Report Abuse Let China start sending U.S. Dollars back this way!
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Sep 26, 2012 11:04:09 PM Ignore anascom Report Abuse hopefully this will help lower prices!
davenles Champion Author Texas Posts:3,211 Points:721,585 Joined:May 2011	Message Posted: Sep 26, 2012 11:01:00 PM Ignore davenles Report Abuse Keep it here.
wayoung56 Champion Author Alabama Posts:2,815 Points:821,260 Joined:Oct 2006	Message Posted: Sep 26, 2012 11:00:54 PM Ignore wayoung56 Report Abuse Interesting article...
danreino Champion Author Twin Cities Posts:8,368 Points:1,543,655 Joined:Mar 2008	Message Posted: Sep 26, 2012 10:58:08 PM Ignore danreino Report Abuse World Market my arse.....Is a quality Ribeye steak cheaper in Missouri or Libya ?
tarheelcoastie Champion Author Greensboro Posts:5,211 Points:1,114,080 Joined:Jan 2009	Message Posted: Sep 26, 2012 10:56:59 PM Ignore tarheelcoastie Report Abuse it says it all!
lucky69 Champion Author Austin Posts:2,766 Points:1,470,315 Joined:May 2008	Message Posted: Sep 26, 2012 10:55:14 PM Ignore lucky69 Report Abuse that is alot of cash we will never see
brutherruther Veteran Author Fort Worth Posts:435 Points:237,540 Joined:Mar 2012	Message Posted: Sep 26, 2012 10:54:42 PM Ignore brutherruther Report Abuse Ok
q2 Champion Author Alberta Posts:2,049 Points:383,020 Joined:Nov 2008	Message Posted: Sep 26, 2012 10:46:54 PM Ignore q2 Report Abuse Ok
Aserdaten Champion Author Florida Posts:3,481 Points:2,055,550 Joined:Apr 2006	Message Posted: Sep 26, 2012 10:46:42 PM Ignore Aserdaten Report Abuse Why not let it happen? This country would get back into the export business in a big way - especially to China where this would help to even the scales currently favoring China in a big way.
dinomen Champion Author Arkansas Posts:1,882 Points:718,685 Joined:May 2010	Message Posted: Sep 26, 2012 10:44:04 PM Ignore dinomen Report Abuse Ok.
NoGas714 All-Star Author Indiana Posts:740 Points:753,625 Joined:May 2005	Message Posted: Sep 26, 2012 10:42:00 PM Ignore NoGas714 Report Abuse Might this be a way for us to import something to China instead of it being so one sided in their favor.
papakoca All-Star Author Texas Posts:649 Points:533,035 Joined:Jun 2011	Message Posted: Sep 26, 2012 10:40:10 PM Ignore papakoca Report Abuse Martinman has a great overview of the situation. Good analysis, and you don't even use a crystal ball.
30mpg80 Champion Author Lexington Posts:10,067 Points:1,490,780 Joined:Nov 2008	Message Posted: Sep 26, 2012 10:40:03 PM Ignore 30mpg80 Report Abuse Does that headline mean an Asian person is driving inside a pipeline? That sounds unwise.
AKmailman Champion Author Alaska Posts:5,648 Points:1,561,240 Joined:Jul 2004	Message Posted: Sep 26, 2012 10:38:36 PM Ignore AKmailman Report Abuse bringing the natural gas from the north slope to market was first introduced over 30 years ago - we're still waiting - politics as usual
dollarwatcher Champion Author Wisconsin Posts:7,960 Points:1,538,145 Joined:Mar 2007	Message Posted: Sep 26, 2012 10:37:57 PM Ignore dollarwatcher Report Abuse Talk about a floating bomb waiting to go KA BOOOM.