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Exxon to Sempra Can Export Half of U.S. Home Gas Supply: Energy

Bloomberg -- Natural gas suppliers from Sempra Energy (SRE) to Exxon Mobil Corp. (XOM) are fighting for the first U.S. export permits after a study said selling some of the fuel to Asia will benefit the economy more than consuming it domestically.

They could win approval for projects to ship about 6 billion cubic feet a day of liquefied natural gas by 2025, according to estimates by consultants including Tudor Pickering Holt & Co. That amount of LNG would supply about half the current U.S. residential market and is worth $93 million a day at Japan’s current import price, a global benchmark.

The government-sponsored study released Dec. 5 gave a green light to exports, saying they shouldn’t delay North America’s possible energy independence in coming decades based on shale discoveries.


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Submitted Dec 27, 2012 By: NOTSOGRN
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Exxon to Sempra Can Export Half of U.S. Home Gas Supply: Energy Back to Topics
REPLIES (newest first) Post a Reply
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 30, 2012 8:01:16 AM

remay: I don't always agree w/ you, but it's hard to argue against your statement :)
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LetemEatCake
Champion Author Oklahoma City

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Message Posted: Dec 28, 2012 10:28:18 PM


Can't argue with that Remay...well said.
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remay
Champion Author Houston

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Message Posted: Dec 28, 2012 3:43:20 PM

...selling some of the fuel to Asia will benefit the economy more than consuming it domestically. "Key word is "SOME". How about selling EXCESS supply AFTER taking care of the good ole USA!
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Dodge_Me
Champion Author Atlanta

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Message Posted: Dec 28, 2012 2:21:37 AM

Wonder what will happen to our energy prices
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myambro
Champion Author Sacramento

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Message Posted: Dec 28, 2012 1:32:21 AM

That shows how screwed up our legal restrictions are.
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rahcat
Champion Author Grand Rapids

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Message Posted: Dec 28, 2012 12:15:12 AM

Exports......Bad Idea.
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jcdakota
Champion Author Baltimore

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Message Posted: Dec 28, 2012 12:11:10 AM

Look at the long run. How many US jobs, products,etc. will this energy sale cost - How much of a gain in ENERGY INDEPENDENCE would this natural gas have made - How many vehicles could this energy have powered?
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KrsnaDragon
Champion Author Montreal

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Message Posted: Dec 28, 2012 12:10:19 AM

I take this as good news for the industry.
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jkpsr
Champion Author New Jersey

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Message Posted: Dec 28, 2012 12:07:36 AM

Why not? We really have a surplus.
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UpSol7
Champion Author Augusta

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Message Posted: Dec 28, 2012 12:07:16 AM

Why? Sometimes its simply hard to find a culprit
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Bildawg
Champion Author Ohio

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Message Posted: Dec 28, 2012 12:06:39 AM

cool
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Glock26
Champion Author Dayton

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Message Posted: Dec 28, 2012 12:05:09 AM

Whatever!!!
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Dec 28, 2012 12:04:59 AM

So what Who cares
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boatfloyd
Champion Author Jacksonville

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Message Posted: Dec 28, 2012 12:04:41 AM

Sounds good.
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cheaper0ON
Champion Author Ontario

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Message Posted: Dec 28, 2012 12:04:04 AM

Ok.
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jrschl
Champion Author Louisville

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Message Posted: Dec 28, 2012 12:02:39 AM

I still believe this is too many eggs in one basket.
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yyc2yow
Champion Author Ottawa

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Message Posted: Dec 28, 2012 12:01:40 AM

get in line
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DieselDogf350
Rookie Author San Jose

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Message Posted: Dec 27, 2012 11:59:45 PM

I'm not technologically gifted but how do I make the middle finger with all of those cute icons that my kids use?
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Dec 27, 2012 11:56:49 PM


All the usual lies from 'the industry'!
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judgemobile
Champion Author Ohio

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Message Posted: Dec 27, 2012 11:55:46 PM

wait and see
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ExplorerWA
Champion Author Washington

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Message Posted: Dec 27, 2012 11:50:07 PM

It's clear our energy plan is about energy dependence not energy independence.
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carpenter4u
Champion Author Virginia

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Message Posted: Dec 27, 2012 11:50:07 PM

Tax the exported fuel to pay down the debt. But, this will keep prices higher in the US
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BREW9
Champion Author Tampa

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Message Posted: Dec 27, 2012 11:48:32 PM

ok
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danlanman
Champion Author North Carolina

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Message Posted: Dec 27, 2012 11:47:54 PM

ok
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Dec 27, 2012 11:46:56 PM

Surprise, surprise!!!!!
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charg3rguy1991
Champion Author Greensboro

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Message Posted: Dec 27, 2012 11:42:28 PM

Keep it you greedy bastards
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goodbuy
Champion Author Michigan

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Message Posted: Dec 27, 2012 11:42:19 PM

Make sure it is full of lead.
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acknot
Champion Author Seattle

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Message Posted: Dec 27, 2012 11:40:41 PM

So much for cheap oil.. besides....Obama has to pay back China some how for all the money he borrowed to feed the 40% of lazy Americans out there.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Dec 27, 2012 11:40:26 PM

Don't export. Sell domestically. Use it for transportation and off-road equipment.

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jrsva
Champion Author Virginia

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Message Posted: Dec 27, 2012 11:39:18 PM

“Exports may boost domestic prices by more than $1 per thousand cubic feet in coming years, NERA said. The benefits will more than offset the effect of higher prices for U.S. consumers that may be triggered by reduced domestic supply.”

Exports may indeed help the national economy but exactly how are consumers supposed to “offset the effect of higher prices” on their personal economies?

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Asbury09
Champion Author Iowa

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Message Posted: Dec 27, 2012 11:38:11 PM

keep the gas stateside
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TDIdave
Champion Author California

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Message Posted: Dec 27, 2012 11:33:17 PM

Should be a law against this. Otherwise, so much for energy independence.
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mstearno
Champion Author Dayton

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Message Posted: Dec 27, 2012 11:32:53 PM

energy jobs would be nice but that would screw up his we want 70 % on food stamps
so they keep voting democrat
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rjoeh
Champion Author Michigan

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Message Posted: Dec 27, 2012 11:30:39 PM

I disagree: Charity begins at home ahead of the bottom line. Lots of people accross this country are still unemployed despite denials to that effect by the administration and cheap heating energy will help make life bearable for them this winter.
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EVBuddy
Champion Author Nevada

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Message Posted: Dec 27, 2012 11:28:24 PM

Ther go home heating costs
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TIGERPAW46
Champion Author Florida

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Message Posted: Dec 27, 2012 11:24:48 PM

Also If they ship half of all they produce they will use up that 100 yr supply in 50 yrs; Or less if the estimates are wrong.
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Doomsday64
All-Star Author Austin

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Message Posted: Dec 27, 2012 11:23:18 PM

keep it here
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gmcgas
Champion Author Atlanta

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Message Posted: Dec 27, 2012 11:23:15 PM

i'm sure the price here won't go up because we sell to Asia. sssssssure!!
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TIGERPAW46
Champion Author Florida

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Message Posted: Dec 27, 2012 11:22:41 PM

Can they do that & keep the price for NG the same low level as it is now. I highly Doubt that will happen.

[Edited by: TIGERPAW46 at 12/27/2012 11:24:08 PM EST]
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SUPRA1987
Veteran Author Tampa

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Message Posted: Dec 27, 2012 11:21:58 PM

TAKE CARE OF THE DOMESTIC MARKET FIRST.
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DustyHorse
Champion Author Virginia

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Message Posted: Dec 27, 2012 11:21:14 PM

Somebody should take a good look at that government-sponsored report.
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scubadaniel
Champion Author Dayton

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Message Posted: Dec 27, 2012 11:20:41 PM

Boy, the being a global player in energy sure gets complicated.
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YodaON
Champion Author Ottawa

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Message Posted: Dec 27, 2012 11:20:06 PM

as long as they keep the prices down
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Blue48
Champion Author Illinois

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Message Posted: Dec 27, 2012 11:19:40 PM

WHATEVER!
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Gas4Gore
Champion Author Detroit

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Message Posted: Dec 27, 2012 11:19:28 PM

Okay.
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toadNY
Champion Author Albany

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Message Posted: Dec 27, 2012 11:16:29 PM

This is like the democrats saying the Bush Tax cuts were for the rich only. But now its the middle class that will see a Tax Hike!
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REKEY
Champion Author South Carolina

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Message Posted: Dec 27, 2012 11:11:53 PM

That's what they say. I see my heating bill going up and up!
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wayoung56
Champion Author Alabama

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Message Posted: Dec 27, 2012 11:10:21 PM

Oh well...
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BrucePen
Champion Author Ontario

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Message Posted: Dec 27, 2012 11:07:37 PM

Exports are good way to pay for infrastructure.
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drz614
Champion Author Harrisburg

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Message Posted: Dec 27, 2012 11:07:30 PM

n4pip: apparently they had to get govt approval, and did. so who is really screwing us (again)?
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