Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:02 AM

GasBuddy News Article

49
votes
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


Read the Full Article

Submitted Sep 26, 2012 By: DellDude2
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Alaska Sees Asia Driving Annual $20 Billion Via Pipeline Back to Topics
REPLIES (newest first) Post a Reply
madison8359
Champion Author Cleveland

Posts:18,075
Points:2,424,330
Joined:Apr 2008
Message Posted: Sep 28, 2012 3:06:51 PM

Good.
jcdakota
Champion Author Baltimore

Posts:1,618
Points:415,920
Joined:Nov 2010
Message Posted: Sep 27, 2012 5:30:07 AM

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:6,030
Points:2,648,050
Joined:Mar 2003
Message Posted: Sep 27, 2012 5:13:52 AM

ok
nb52
Champion Author Grand Rapids

Posts:11,121
Points:2,349,915
Joined:Nov 2008
Message Posted: Sep 27, 2012 4:30:18 AM

Sounds good for Alaskans.
tidalwave3
Champion Author Tallahassee

Posts:2,822
Points:2,214,535
Joined:Jun 2008
Message Posted: Sep 27, 2012 1:08:43 AM

Good Luck, really
bearzz
Champion Author California

Posts:4,734
Points:1,206,305
Joined:Mar 2011
Message Posted: Sep 26, 2012 11:45:04 PM

Great (not) . . . more exporting
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Sep 26, 2012 10:20:08 PM

sounds ok
rahcat
Champion Author Grand Rapids

Posts:6,120
Points:1,495,675
Joined:Jan 2010
Message Posted: Sep 26, 2012 10:16:44 PM

Don't export it.....keep it here.
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Sep 26, 2012 10:11:14 PM

Good.
jrschl
Champion Author Louisville

Posts:6,344
Points:1,490,790
Joined:Jun 2011
Message Posted: Sep 26, 2012 10:09:49 PM

I thought this was going to be a Palin article with the beginning of the headline.
Ray_10589
Champion Author New York

Posts:8,128
Points:1,970,570
Joined:May 2009
Message Posted: Sep 26, 2012 10:04:59 PM

good
bston
Champion Author Oklahoma City

Posts:5,136
Points:1,472,600
Joined:Mar 2011
Message Posted: Sep 26, 2012 10:03:40 PM

That'll be a big venture.
suicyco16
All-Star Author Phoenix

Posts:635
Points:945,405
Joined:Jun 2012
Message Posted: Sep 26, 2012 9:55:16 PM

ok
must87searcher
Champion Author Maryland

Posts:12,250
Points:2,600,005
Joined:Apr 2008
Message Posted: Sep 26, 2012 9:44:53 PM

Interesting idea. There is still some question about it.
abcdMA
Champion Author Worcester

Posts:11,247
Points:2,371,915
Joined:Nov 2008
Message Posted: Sep 26, 2012 9:43:17 PM

we should use it to be energy independent
rx7racerca
Champion Author Calgary

Posts:7,274
Points:1,896,720
Joined:Sep 2008
Message Posted: Sep 26, 2012 9:42:44 PM

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:6,282
Points:1,546,305
Joined:Mar 2011
Message Posted: Sep 26, 2012 9:41:17 PM

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:5,790
Points:1,314,890
Joined:Jan 2011
Message Posted: Sep 26, 2012 9:41:12 PM

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:13,440
Points:2,421,050
Joined:Jan 2006
Message Posted: Sep 26, 2012 9:41:07 PM

“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:1,293
Points:204,900
Joined:Aug 2011
Message Posted: Sep 26, 2012 9:37:55 PM

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:20,872
Points:4,275,855
Joined:Jul 2003
Message Posted: Sep 26, 2012 9:37:05 PM

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 9:36:17 PM

I hope it works out
PoohMcGoo
Champion Author Alabama

Posts:3,965
Points:1,492,195
Joined:Dec 2010
Message Posted: Sep 26, 2012 9:35:28 PM

Here we go exporting our natural resources again.
clermont40miles
Champion Author Cincinnati

Posts:14,833
Points:2,576,955
Joined:Apr 2008
Message Posted: Sep 26, 2012 9:34:05 PM

Hate to see exports - especially to the Chinese. Make sure they pay a premium.
CCLighthouse
Champion Author Hartford

Posts:1,508
Points:318,315
Joined:Aug 2012
Message Posted: Sep 26, 2012 9:30:48 PM

Biz owners are visionaries.
suzmar
Champion Author Texas

Posts:3,497
Points:1,461,715
Joined:Jun 2006
Message Posted: Sep 26, 2012 9:26:43 PM

Sounds like a good plan.
200porter
Champion Author Toronto

Posts:5,382
Points:1,371,360
Joined:Sep 2011
Message Posted: Sep 26, 2012 9:25:17 PM

Following Canada's lead in selling oil to Asia/China?
fcdriver
Champion Author Tennessee

Posts:10,478
Points:2,272,090
Joined:Sep 2008
Message Posted: Sep 26, 2012 9:21:51 PM

take what we can get
bonzoonfmb
Champion Author Florida

Posts:2,540
Points:888,110
Joined:Feb 2010
Message Posted: Sep 26, 2012 9:18:17 PM

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:9,694
Points:2,373,910
Joined:Jan 2008
Message Posted: Sep 26, 2012 9:18:10 PM

where's our pie?
WIPACKERFAN
Champion Author Chicago

Posts:12,169
Points:2,667,305
Joined:Aug 2005
Message Posted: Sep 26, 2012 9:17:49 PM

OK.
farn1958
All-Star Author Twin Cities

Posts:886
Points:183,385
Joined:Feb 2011
Message Posted: Sep 26, 2012 9:14:10 PM

ok.
hank1326
Champion Author Los Angeles

Posts:11,316
Points:2,480,285
Joined:Jun 2008
Message Posted: Sep 26, 2012 9:13:47 PM

Interesting. Time will tell the truth.
usnerd
Veteran Author Dayton

Posts:479
Points:471,930
Joined:Jul 2012
Message Posted: Sep 26, 2012 9:13:15 PM

What happens when a natural gas pipeline bursts?
abacus44
Champion Author Toms River

Posts:6,661
Points:1,564,580
Joined:Jan 2011
Message Posted: Sep 26, 2012 9:12:59 PM

Let China start sending U.S. Dollars back this way!
anascom
Champion Author Hamilton

Posts:1,601
Points:1,047,345
Joined:Feb 2011
Message Posted: Sep 26, 2012 9:04:09 PM

hopefully this will help lower prices!
davenles
Champion Author Texas

Posts:6,552
Points:1,549,035
Joined:May 2011
Message Posted: Sep 26, 2012 9:01:00 PM

Keep it here.
wayoung56
Champion Author Alabama

Posts:6,036
Points:1,626,910
Joined:Oct 2006
Message Posted: Sep 26, 2012 9:00:54 PM

Interesting article...
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Sep 26, 2012 8:58:08 PM

World Market my arse.....Is a quality Ribeye steak cheaper in Missouri or Libya ?
tarheelcoastie
Champion Author Greensboro

Posts:8,555
Points:1,911,230
Joined:Jan 2009
Message Posted: Sep 26, 2012 8:56:59 PM

it says it all!
lucky69
Champion Author Austin

Posts:2,939
Points:2,125,375
Joined:May 2008
Message Posted: Sep 26, 2012 8:55:14 PM

that is alot of cash we will never see
brutherruther
Veteran Author Fort Worth

Posts:435
Points:238,290
Joined:Mar 2012
Message Posted: Sep 26, 2012 8:54:42 PM

Ok
q2
Champion Author Alberta

Posts:5,394
Points:1,180,945
Joined:Nov 2008
Message Posted: Sep 26, 2012 8:46:54 PM

Ok
Aserdaten
Champion Author Florida

Posts:5,019
Points:2,763,790
Joined:Apr 2006
Message Posted: Sep 26, 2012 8:46:42 PM

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:1,897
Points:756,885
Joined:May 2010
Message Posted: Sep 26, 2012 8:44:04 PM

Ok.
NoGas714
All-Star Author Indiana

Posts:827
Points:1,354,340
Joined:May 2005
Message Posted: Sep 26, 2012 8:42:00 PM

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:903
Points:1,276,690
Joined:Jun 2011
Message Posted: Sep 26, 2012 8:40:10 PM

Martinman has a great overview of the situation. Good analysis, and you don't even use a crystal ball.
30mpg80
Champion Author Lexington

Posts:15,335
Points:2,317,170
Joined:Nov 2008
Message Posted: Sep 26, 2012 8:40:03 PM

Does that headline mean an Asian person is driving inside a pipeline? That sounds unwise.
AKmailman
Champion Author Alaska

Posts:9,009
Points:2,358,120
Joined:Jul 2004
Message Posted: Sep 26, 2012 8:38:36 PM

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:9,932
Points:2,000,000
Joined:Mar 2007
Message Posted: Sep 26, 2012 8:37:57 PM

Talk about a floating bomb waiting to go KA BOOOM.
mcmonsta
Champion Author Honolulu

Posts:6,309
Points:1,632,225
Joined:Sep 2009
Message Posted: Sep 26, 2012 8:36:00 PM

there money to be made in them chills
Post a reply Back to Topics