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

Fondsbørsmeddelelser

Sådan er det gået med de seneste danske børsnoteringer

30-05-2016 15:24:44
Dong Energys snarlige børsnotering kommer i kølvandet af blandet succes for de seneste års tilføjelser på fondsbørsen.For nogle selskaber - såsom ingredienssels..

Mærsk: CMA vil have resten af NOL-aktierne

30-05-2016 14:26:29
Containerrederiet CMA CGM vil nu have fat i de resterende aktier i Neptune Orient Lines (NOL).Franske CMA meddelte mandag, at man har fremsat et frivilligt tilb..

Aktier/middag: Genmab, TDC og Novo topper stille indeks

30-05-2016 11:39:21
I et overordentligt stille aktiemarked placerer Genmab-, Novo- og TDC-aktierne sig øverst i et tæt på passivt C20-indeks, der mandag middag ligger i 1052,54 ell..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/åbning: Biotekaktie i vildt drop - C20 Cap stiger
2
Aktier/tendens: Biotekaktie leverer skidt nyt i positivt marked
3
Genmab: Får milepælsbetaling på 30 mio. USD for Darzalex-salg
4
Bioporto/CEO: Vi er ikke slået ud trods NGAL-skuffelse
5
Sådan er det gået med de seneste danske børsnoteringer

Relaterede aktiekurser

Total S.A. 49,00 0,0% Aktiekurs uændret
Total 43,77 0,0% Aktiekurs uændret
Royal Dutch Shell PLC 'A.. 1.685,98 0,0% Aktiekurs uændret
Royal Dutch Shell PLC 'B.. 1.678,32 0,0% Aktiekurs uændret
Royal Dutch Shell PLC CL.. 49,93 0,0% Aktiekurs uændret
Royal Dutch Shell PLC CL.. 49,55 0,0% Aktiekurs uændret
Total S.A. Total ORD SHS 43,71 0,0% Aktiekurs uændret
Royal Dutch Shella 22,32 0,0% Aktiekurs uændret
Royal Dutch Shellb 22,70 0,0% Aktiekurs uændret

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.
 
31. maj 2016 07:55:28
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160530.3 - EUROWEB5 - 2016-05-31 07:55:28 - 2016-05-31 07:55:28 - 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

x