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Officials say wider canal can boost natural gas exports

Houston Chronicle -- Transportation and port officials reiterated Tuesday that the nearly complete expansion of the Panama Canal will provide opportunities for growth in exports, but won't immediately strain the state's road, railroads and pipelines.

During a state Senate Transportation Committee hearing at the Capitol in Austin, the heads of the Texas Department of Transportation and the Port of Houston Authority summarized and elaborated on the findings of a report last week that described the effects on Texas of the $5.25 billion project that will nearly triple the canal's capacity.

The report said the bigger canal mainly will allow for more exports to Asia, including natural gas as soon as companies get government permits to liquefy the gas for export in special tankers.

But the canal expansion isn't li


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Submitted Dec 19, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Officials say wider canal can boost natural gas exports Back to Topics
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TXRanger09
Champion Author Dallas

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Message Posted: Dec 19, 2012 10:25:27 AM

I've got to get out of my cave more often! Had no idea the Panama Canal was being widened.
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humblepie
Champion Author Toledo

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Message Posted: Dec 19, 2012 9:21:44 AM

why not just hang on to our resources ?
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Buck_on_Bass
Champion Author Tennessee

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Message Posted: Dec 19, 2012 8:26:04 AM

We'll have to see what the requirements are for LNG tankers in the expanded canal. In US ports, LNG tankers have special rules for movements to minimize collision risks with other vessels.
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Joeski1
Champion Author New Jersey

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Message Posted: Dec 19, 2012 8:10:39 AM

if the methane gas producers want a wider canal...

I say.. "Let them go ahead and build it"....

no tax money, no subsidy, and please conform to all environmental and safety and construction standards..

now get on it...

[Edited by: Joeski1 at 12/19/2012 8:12:37 AM EST]
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ClarkSC
Champion Author South Carolina

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Message Posted: Dec 19, 2012 8:04:43 AM

What about keeping it in the US.
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Ltdc
Champion Author Long Island

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Message Posted: Dec 19, 2012 7:25:10 AM

TR would be proud.
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virostek
Veteran Author Virginia

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Message Posted: Dec 19, 2012 7:05:09 AM

I do not think so.
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doeslayersr
Champion Author Illinois

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Message Posted: Dec 19, 2012 6:57:04 AM

Ok, let Panama pay for it. If we pay for it, then we take back ownership of the canal.
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cheap59
Champion Author Michigan

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Message Posted: Dec 19, 2012 6:49:06 AM

So who is going to pay for this?
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FMREALTOR
Champion Author Florida

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Message Posted: Dec 19, 2012 6:03:23 AM

Exporting to china could be a good thing. however, we really need to stop exporting for now.
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KE4YBZ
All-Star Author Knoxville

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Message Posted: Dec 19, 2012 6:00:40 AM

This is a good thing... isn't it?
We NEED to export to china... simply to help balance trade... since we import SOOO MUCH STUFF from China already!
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FocusST2
Champion Author North Carolina

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Message Posted: Dec 19, 2012 5:50:53 AM

Wait a minute.....isn't the Panama Canal controlled by the Chinese? Gotta be since all those projected exports going through the canal are bound for the Far East.

[Edited by: FocusST2 at 12/19/2012 5:52:52 AM EST]
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Bonanza
Champion Author Boston

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Message Posted: Dec 19, 2012 5:09:22 AM

Keep what is ours
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Luckylindy
Champion Author Milwaukee

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Message Posted: Dec 19, 2012 4:30:46 AM

A pipeline would be more cost effective.
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TIGERPAW46
Champion Author Florida

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Message Posted: Dec 19, 2012 3:59:30 AM

If the Gov. tries real hard they can probably authorize open market on exportiNG NG & the companies can maybe sell out that 100+ year supply of NG in the USA, within 25-30 yrs. by exportiNG overseas.
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TXryder
Champion Author Texas

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Message Posted: Dec 19, 2012 3:58:59 AM

The demands of vast products to support the increasingly overpopulation of China and other Asian countries will tremendously cause negative impact on the American people. While export sales will bring in money their consumption will cause shortages worldwide. Commodities of all types, fuel, construction resources like steel & concrete, food and other ag products. Shortages are have already been impacting the American people.
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TIGERPAW46
Champion Author Florida

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Message Posted: Dec 19, 2012 3:54:01 AM

As the plot thickens, or as Paul would say, now for the rest of the story.

""The report said the bigger canal mainly will allow for more exports to Asia, includiNG natural gas as soon as companies get government permits to liquefy the gas for export in special tankers""

So they can sell off all the USA reserves while raisiNG the price of NG to everyone in the USA. YEA GREAT IDEA WASHINGTON, APPROVE IT. NOT!
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BEngr
Champion Author Illinois

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Message Posted: Dec 19, 2012 3:43:31 AM

The article didn't say who is funding the expansion of the Panama Canal? I hope it is not my tax dollars unless we are getting interest on the money.
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lgwhitlock
Champion Author Chico

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Message Posted: Dec 19, 2012 3:42:47 AM

Maybe...
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RENEGADEGAS
Champion Author Missouri

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Message Posted: Dec 19, 2012 3:42:41 AM

All businesses will look to sell their products to the highest paying customer, so this is no surprise. If anyone of us owned a business that couldn't make a profit close to home, we would look to sell our products to customers no matter where they are that are willing to pay a price that will make our business profit. Americans can not afford to pay more for natural gas or gasoline due to the high unemployment and catastrophically damaged economy. So off to the ship yards with it to sell to those who will pay more.
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Settjec
Champion Author Little Rock

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Message Posted: Dec 19, 2012 3:38:27 AM

They will get the monies "1boog" ... from US!
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1Boog
Champion Author Lincoln

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Message Posted: Dec 19, 2012 3:35:12 AM

good luck getting the money for this expansion!!
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pricewar
Champion Author Ogden

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Message Posted: Dec 19, 2012 3:25:20 AM

A wider canal is a good thing, but there is a lot of turmoil over there
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greshams
Champion Author Cincinnati

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Message Posted: Dec 19, 2012 3:25:00 AM

they can't wait to sell it overseas,what is wrong with these people.
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BeulahME
Champion Author Maine

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Message Posted: Dec 19, 2012 3:24:39 AM

Ya, lets export Natural Gas so everyone in the USA will pay higher prices! Good idea.
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findcheap
Champion Author Los Angeles

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Message Posted: Dec 19, 2012 3:14:50 AM

will hurt L.A./Long Beach harbors, but lessen its pollution
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afghaned
Champion Author Ottawa

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Message Posted: Dec 19, 2012 3:12:20 AM

Once the exporting starts the home price will increase & supply & demand will be affected. Just look at the recent price increase based on possible increased demand.
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mohammed10
Champion Author Gainesville

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Message Posted: Dec 19, 2012 3:11:14 AM

Ok
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VikingWoman
Champion Author Washington

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Message Posted: Dec 19, 2012 3:08:26 AM

Just keep US prices low and charge higher prices on exported NG.
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PetroScopper
Champion Author Houston

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Message Posted: Dec 19, 2012 3:02:34 AM

I don't see where the problem is... everyone gets to make money.
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DCbeachbum
Champion Author South Carolina

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Message Posted: Dec 19, 2012 2:59:45 AM

Making the Panama Canal wider is a good thing. When the Panama Canal is widend it looks like we will be ready. But why are we sending taxpayers money to Panama? The U.S. gave the canal to Panama.
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Amplion
Champion Author Oregon

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Message Posted: Dec 19, 2012 2:54:03 AM

NATURAL GAS IS MANY DISASTERS !!!

ALLENTOWN.......SanBRUNO..........SPRINGFIELD..........SISSONVILLE !!!!!!!

WHERE WILL THE NEXT NG DISASTER STRIKE ??????????
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JoeKR
Champion Author New Jersey

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Message Posted: Dec 19, 2012 2:46:33 AM

Beware,special tankers!
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Dec 19, 2012 2:42:52 AM

So, we will be able to ship it from the Gulf to California?
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Happytalk
Champion Author Pennsylvania

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Message Posted: Dec 19, 2012 2:42:40 AM

keep it here
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bobdec
Champion Author Miami

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Message Posted: Dec 19, 2012 2:40:33 AM

Keep it here
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Retowered
Champion Author Colorado

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Message Posted: Dec 19, 2012 2:33:55 AM

Yep, more taxes.
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Bruno44
Champion Author Texas

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Message Posted: Dec 19, 2012 2:29:20 AM

Good point by texasvet.
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SkooterG
Champion Author Phoenix

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Message Posted: Dec 19, 2012 2:26:52 AM

Didn't know the Big Ditch was getting widened.
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pepinoNC
Champion Author Raleigh

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Message Posted: Dec 19, 2012 2:23:09 AM

In a free market goods are sold to the highest bidder. Those of you that want to force the oil companies oil companies to sell their product here are wanting to socialize the industry.
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Jeff4U
Champion Author Atlanta

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Message Posted: Dec 19, 2012 2:21:14 AM

Yep, export to everyone else to keep prices high at home.
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texasvet
Champion Author Texas

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Message Posted: Dec 19, 2012 2:21:09 AM

Wally52 - We keep the vast majority of oil, gas, and petroleum products here. We have the capability to produce far more NG than we can use - in fact, much of the gas in the Bakken play is flared off because there's no market for it.
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wally52
Champion Author Little Rock

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Message Posted: Dec 19, 2012 2:15:58 AM

Don't we keep anything here any more?
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nurdco
Champion Author Colorado Springs

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Message Posted: Dec 19, 2012 2:15:16 AM

Break Even is not cost effective with rebuild to widen....

Meke the boats taller...
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Z51Corvette
Champion Author Austin

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Message Posted: Dec 19, 2012 2:14:11 AM

Same people said make the roads wider so developers could develop more land... Wow, does this sound familiar!
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kgbellman
Champion Author Ann Arbor

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Message Posted: Dec 19, 2012 2:11:26 AM

Well, let's see once it opens
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UseLessGasFolks
Champion Author Iowa

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Message Posted: Dec 19, 2012 2:08:44 AM


Keep it here. Once it's gone it's gone.
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gmcgas
Champion Author Atlanta

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Message Posted: Dec 19, 2012 2:08:14 AM

do we really export that much to Asia?
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TWS658
Champion Author Portland

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Message Posted: Dec 19, 2012 2:07:43 AM

Wow.
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ican2step
Champion Author Pittsburgh

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Message Posted: Dec 19, 2012 2:05:04 AM

Dig it.
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