Liquefied natural gas (LNG) has been in the news lately, and we thought you might be interested in the following articles:
- The Washington Post is reporting on the plans of Dominion Resources Inc. to export LNG: "Dominion wants to expand its existing Cove Point plant in Lusby, Md., to produce liquefied natural gas for export. The facility — already served by 88 miles of pipeline — would take advantage of the natural gas boom in the mid-Atlantic associated with the Marcellus and Utica shale formations. *** Exporting gas allows it to be sold at a much higher price than on the domestic market, where gas is more abundant."
- The Hill has an article by Rep. Charles Boustany (R-La.) on LNG's transformative potential: "LNG continues to serve as an attractive energy source to companies and governments in Europe and Asia. For instance, in Japan, natural gas can cost in upwards of $20 per MMBtu. Compare that to $3-$4 per MMBtu here in the United States. Unlike other commodities like oil or gold, there is no central pricing system with natural gas. Therefore, the international price of the commodity continues to fluctuate depending on the market one shops. However, LNG continues to be used for the same purposes across the world: home heating, cooking, and commercial and industrial use. LNG can become a valuable trade export providing reliable energy sources to markets otherwise unreachable."