. Earth Science News .
OIL AND GAS
API: U.S. gas a strategic asset
by Daniel J. Graeber
Washington (UPI) Aug 26, 2016


disclaimer: image is for illustration purposes only

With U.S. Vice President Joe Biden touting diversity in the European energy market, an industry group said exports from U.S. ports could be a strategic interest.

"America's growth in natural gas production means that through liquefied natural gas exports we can give our allies stability and security in the global natural gas market," Marty Durbin, a marketing director with the American Petroleum Institute, said in a statement.

A vessel left its port at Sabine Pass, La., in February with the first cargo of LNG ever sourced from U.S. shale areas to the foreign market. Cheniere Energy Partners, which operates the Sabine Pass liquefaction plant, said the shipment marked a new era for the U.S. LNG sector.

For U.S. allies in Europe, the abundance of natural gas from domestic shale basins could be used as a tool to break the Russian grip on the European economy. European leaders said last year LNG sourced from U.S. shale basins may present a source of diversity with the right infrastructure in place.

A special permit is needed to send natural gas to countries without a U.S. free trade agreement, a scenario that could present roadblocks for LNG exports to the European market.

Speaking this week in Latvia, Biden said giving regional allies access to natural gas reserves from outlets outside of Russia was vital to European energy security.

"Europe needs diverse sources of gas, not new pipelines that lock in greater reliance on Russia," he said in a statement. "Russian gas can and should be part of the European market, but that market needs to be open and competitive."

European regulators are wary of the business practices of Russian energy company Gazprom on anti-trust grounds. A Polish government agency recently blocked a Russian move to expand the Nord Stream pipeline through the Baltic Sea because of concerns about competition.

Some countries in Eastern Europe like Poland rely almost exclusively on Russia for natural gas. API's Durbin said the abundance of U.S. natural gas in shale could be the answer.

"America's shale revolution is growing our economy, spurring environmental improvements and strengthening our own energy security," he said. "U.S. LNG will give our allies an opportunity to achieve those some goals."

Low energy prices may curb some options for exports. In July, a joint venture led by Royal Dutch Shell said capital constraints are in part behind a decision to delay a final investment decision for a gas export facility in Canada.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Scientists develop nanofur material to soak up oil
Karlsruhe, Germany (UPI) Aug 23, 2016
A team of researchers in Germany have developed a new water-resistant nanofur material capable of soaking up oil with impressive efficiency. The material was inspired by water ferns. Many materials with potential as an oil absorbent fail to live up to expectations, often because they absorb as much as water as oil. In an attempt to solve this problem, researchers at Germany's Kar ... read more


OIL AND GAS
Germany to chart first civil defence plan since Cold War: report

Down in the dumps: China lawmaker given 5 years for sinkhole

Iraqi response to displaced 'woefully insufficient': Amnesty

Syrian refugees invent app for Germany's bureaucracy maze

OIL AND GAS
Scientists have created a ceramic, resistant to extreme temperatures

Researchers watch catalysts at work

Vector Space launches new software platform to support space entrepreneurs

Spider silk: Mother Nature's bio-superlens

OIL AND GAS
In the ocean, clever camouflage beats super sight

Rising sea levels may help select coral reefs

Fighting barnacle buildup with biology

Pacific sea level predicts global temperature changes

OIL AND GAS
Antarctica's past shows region's vulnerability to climate change

NASA monitors the 'new normal' of sea ice

Sea ice strongly linked to climate change in past 90,000 years

New Antarctic ice discovery aids future climate predictions

OIL AND GAS
China's COFCO buys rest of Dutch commodity trader

The fuel for Hong Kong's engine: milk tea

New method for quantifying methane emissions from manure management

Researchers discover a special power in wheat

OIL AND GAS
Better understanding seismic hazards

Some signs of induced seismicity spotted in Salton Trough's geothermal production fields

2014 Napa earthquake continued to creep, weeks after main shock

Hundreds of flights grounded as typhoon strikes near Tokyo

OIL AND GAS
Initial agreement reached in Mozambique peace talks

Wanted Rwandan warlord's security chief held in DR Congo

Unprecedented Ethiopia protests far from over: analysts

South Sudan accepts deployment of regional force: IGAD

OIL AND GAS
Revolutionary method to map brains at single-neuron resolution successfully demonstrated

New research throws light on stone artifacts' use as ancient projectiles

New insights into the evolution of cooperation in spatially structured populations

Most U.S. adults have vocabulary of more than 42,000 words









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.