03 maj: Cisco To Buy Network Data Analysis Software Maker Truviso
03 maj: Sempra Energy 1Q Profit Down 7% On Weaker Performance In Gas Busi..
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

Vestas/fmd: Kort generalforsamling beviser voksende tillid

30-03-2015 16:43:40
Vestas' bestyrelse har gjort det til en mærkesag, at markedet skal kunne stole på udmeldingerne fra vindmølleproducenten. Og tilliden er vokset betydeligt over ..

MHI Vestas får forlænget 21 MW service-kontrakt med tre år

30-03-2015 13:08:09
MHI Vestas har fået forlænget en 21 MW-serviceaftale med yderligere tre år.Det oplyser selskabet i en pressemeddelelse.Møllerne er ejet af A/S Storebælt og plac..

Aktier/middag: Mærsk kan fejre kursrekord på generalforsamling

30-03-2015 11:35:41
Det er fuld kraft på næsten alle kedler på det danske aktiemarked mandag, hvor A.P. Møller - Mærsk, Chr. Hansen og Novo Nordisk sprudler ved at sætte kursen mod..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/middag: Mærsk kan fejre kursrekord på generalforsamling
2
Novo lancerer blødermedicin i USA
3
Mandagens aktier: Mærsk satte rekord og vedtog stort udbytte
4
Aktier/åbning: Mærsk stryger til vejrs forud for udbytte
5
MHI Vestas får forlænget 21 MW service-kontrakt med tre år

Relaterede aktiekurser

Royal Dutch Shell PLC CL.. 60,93 0,7% Stigning i aktiekurs
Total S.A. 50,74 -0,2% Fald i aktiekurs
Royal Dutch Shell PLC CL.. 63,99 0,6% Stigning i aktiekurs
Total 47,00 0,0% Aktiekurs uændret
Royal Dutch Shell PLC 'A.. 2.052,00 0,0% Aktiekurs uændret
Royal Dutch Shell PLC 'B.. 2.150,00 0,0% Aktiekurs uændret
Total S.A. Total ORD SHS 47,01 0,0% Aktiekurs uændret
Royal Dutch Shella 28,15 0,0% Aktiekurs uændret
Royal Dutch Shellb 29,50 0,0% Aktiekurs uændret

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
31. marts 2015 05:15:50
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150325.1 - EUROWEB2 - 2015-03-31 05:15:50 - 2015-03-31 05:15:50 - 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