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<\/a>\r\n\r\nUS LNG exports according to the EIA\r\n
\r\nColin Chilcoat, Oilprice.com, 16 December 2014,\r\n\r\nLNG Export Hopes Fading Fast For US<\/a>,\r\n \r\nThe advent of liquefied natural gas (LNG) has revolutionized the way\r\nthe commodity is transported and has brought increased parity to\r\ntraditional pipeline relationships. In that regard, the United\r\nStates’ natural gas boom was right on time. However, somewhat slow\r\nto react to market demand, the US may just be missing its window….\r\n<\/p>\r\n \r\nApproximately 80 percent of future capacity will be sourced from\r\nAustralia, Canada, East Africa, Russia, and the United States. In\r\nthe early goings, the field — namely Australia — has the\r\njump on North America….\r\n<\/p>\r\n \r\nRussia, while also slow to react, cannot be counted out. President\r\nVladimir Putin has sought to aggressively expand his country’s Asian\r\nmarket share following the conflict in Ukraine. While profitability\r\nis certainly is a concern, the government has demonstrated a\r\nwillingness to push through prestige projects. The upcoming Power of\r\nSiberia pipeline will dampen LNG growth in China moving forward. The\r\ncountry is also working closely with India on nuclear and LNG\r\ncooperation.\r\n<\/p>\r\n<\/blockquote>\r\n \r\nYep, Russia’s deal to sell Siberian gas to China undercuts\r\nthe world’s largest market for U.S. LNG exports, as I mentioned\r\n\r\n14 November 2014<\/a>.\r\n \r\nBack to the United States, a long regulatory process and a\r\nhistorical preference to keep hydrocarbons at home have delayed\r\nefforts to export LNG. Moreover, the relatively useless LNG import\r\nfacilities, constructed pre-shale boom, serve as a reminder of how\r\nquickly fortunes can change.\r\n<\/p>\r\n<\/blockquote>\r\n \r\nFortunes can change even quicker towards the fastest-growing industry\r\nin the world: solar power.\r\nWhen even the nation’s most corrupt state (Georgia) is half way\r\nthrough passing a solar financing bill (HB 57<\/a>),\r\nthe world is turning to the sun.\r\n \r\nAdd to that OPEC’s deliberate crashing of oil and gas prices, and:\r\n \r\nSo to recap: we’re looking at an already saturated market with\r\nlittle opportunity to make a buck. Sabine Pass and likely Cameron\r\nwill have their chance, but the window is all but closed.\r\n<\/p>\r\n<\/blockquote>\r\n \r\nSo the\r\n\r\nlong lists of approved, proposed, and potential LNG export terminals<\/a>\r\nmay be largely pipe dreams (pun intended).\r\nAnd Sabine Pass and Cameron’s main market might end up being:\r\n\r\nFlorida via Port Dolphin<\/a>.\r\nWhich if it causes the Sabal Trail pipeline to be cancelled\r\nwould be some improvement.\r\n \r\n\r\n\r\n
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<\/a>\r\nMeanwhile, the more delay in all the fracking boondoggles, including pipelines and exports,\r\nthe more people will realize solar power will produce more energy than any other U.S. source in less than a decade<\/a>.\r\nFossil fuel companies brag about potential 28% growth in shale gas over 28 years<\/a>,\r\nwhile solar power already doubled twice in four years<\/a> and is set\r\nto continue that compound interest growth rate for years to come due to economies of scale.\r\nAnd then innovations like improved storage<\/a> will drive solar adoption even faster.\r\nFormer FERC Chair Jon Wellinghoff said in 2013,\r\n“Solar is growing so fast it is going to overtake everything,”<\/a> and the actual deployment numbers show he was right.\r\n