Re:Chevron Calls End to New Liquified Natural Gas Mega Projects
by manicdee on Tuesday March 21, 2017 @11:20PM
(#13928246)
Even better, put the LNG back on the boat, send it to Australia and make 110% profit!
Re:Chevron Calls End to New Liquified Natural Gas Mega Projects
by kwhitefoot on Wednesday March 22, 2017 @07:36AM
(#13930087)
Please, please, tell me you are joking!
Re:Chevron Calls End to New Liquified Natural Gas Mega Projects
by unexpected on Wednesday March 22, 2017 @07:49AM
(#13930154)
somewhat. LNG is sold on the basis of long-term supply contract. It's quite possible that LNG exported from Western Australia could make its way back to Sydney, Melbourne, other places if there is no pipeline infrastructure in place. the LNG import facilities compete on price, and in this example, Chevron would sell it to the highest bidder.
No one wants "stranded" gas, but it would be up to the Government of Australia to set up the pipeline to its major cities. I'm sure such a pipeline exists, but given the quantity of gas available, Australia may not be able to use it all.
Take natural gas (mostly methane) out of the ground. Cool it until it turns into a liquid (aka LNG) and takes less than 2% of the volume of the gas. Put it into ships. Sail ships to countries like Japan. Turn liquid back into gas and use it for e.g. power generation.