03 maj: Zealand Pharma: Henter 62 mio kr fra ny licensaftale (NY)
03 maj: USA: ISM’s serviceindeks i større fald end ventet
03-05-2012 15:54:00

UPDATE: US Likely To Limit LNG Exports To Keep Low Gas Price

Relateret indhold

(Adds details and quotes from Total CEO.)

PARIS -(Dow Jones)- The U.S. government is likely to impose limits on exports of liquefied natural gas in order to keep its domestic natural gas prices low, said executives from two major oil companies with operations in the country Thursday.

This means that European natural gas prices are likely to remain much higher than those in the U.S. for years to come, with negative implications for the competitiveness of European industry, they said.

Natural gas prices in the U.S. have fallen to 10-year lows because of a boom in production of gas trapped in shale rock. The U.S. government "wants to keep this surplus to keep the price down," in the long term, said Christophe de Margerie, chief executive of France's Total SA (TOT), at the Petrostrategies conference in Paris.

Several companies are planning to build plants that would convert some of this domestic surplus of gas into LNG that could be shipped internationally.

It isn't official policy, but the U.S. Department of Energy "will limit exports to keep pressure downwards [on natural gas prices] in the U.S.," said de Margerie. European gas prices are therefore likely to remain at a significant premium to those in the U.S., he said.

This could benefit U.S. industry because "low prices for natural gas offer manufacturers a powerful competitive advantage," said Mark Williams, the downstream director for energy giant Royal Dutch Shell PLC (RDSB).

If natural gas prices remain cheap in North America, and oil prices remain high, this does mean there is a great opportunity for natural gas to gain market share in the transport sector, Williams said.

"Liquefied natural gas offers great potential as a transport fuel," he said. Shell plans to build a network of LNG refuelling stations for trucks across Canada, he said. It is also looking at sites in Texas and Louisiana where it could build facilities that would chemically convert natural gas into diesel, Williams said.

Both projects would be major multi-year investments and require new infrastructure, he said. For this reason, it is hard to predict how big a role natural gas will play in North American road transport, he said.

-By James Herron, Dow Jones Newswires; james.herron@dowjones.com, +44 207 842 9317

(END) Dow Jones Newswires

May 03, 2012 09:54 ET (13:54 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg


KORR: Mærsk: Fragtrater tager stort hop mellem Asien og Europa

29-04-2016 15:27:20
(Korr: rettet procenttal der var forkerte hos Journal of Commerce, red.)I den seneste uge er priserne for at fragte en container fra Asien til Europa i gennemsn..

Mærsk: Fragtrater tager stort hop mellem Asien og Europa -citat

29-04-2016 14:40:33
I den seneste uge er priserne for at fragte en container fra Asien til Europa i gennemsnit steget med hele 62 pct. Det skriver branchemediet Journal of Commerce..

Aktier/åbning: Tretrinsraket skyder Vestas i top - Novo daler

29-04-2016 09:20:42
Morgenstundens regnskaber fredag faldt mest positivt ud for Vestas, der efter få minutters handel ligger i spidsen af eliteindekset C20 Cap.Også Danske Bank og ..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge

Relaterede aktiekurser

Total 43,93 -2,6% Fald i aktiekurs
Royal Dutch Shell PLC 'B.. 1.786,00 -1,9% Fald i aktiekurs
Royal Dutch Shell PLC 'A.. 1.792,80 -1,1% Fald i aktiekurs
Royal Dutch Shell PLC CL.. 52,89 -0,4% Fald i aktiekurs
Total S.A. 50,75 0,3% Stigning i aktiekurs
Royal Dutch Shell PLC CL.. 53,35 -0,2% Fald i aktiekurs
Royal Dutch Shella 23,00 -2,6% Fald i aktiekurs
Total S.A. Total ORD SHS 44,30 -1,0% Fald i aktiekurs
Royal Dutch Shellb 23,12 -2,7% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
1. maj 2016 15:39:21
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: ReleaseBuild_20160421.1 - EUROWEB1 - 2016-05-01 15:39:21 - 2016-05-01 15:39:21 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her