"There may be 40 ahead of us in the world already producing, but there are 30 behind us, and something is happening," said Roemer, chairman of a Baton Rouge-based G2 LNG. "This will be a powerful industry."

The company is assembling a project worth nearly $11 billion, which would make it one of the biggest energy undertakings ever in Louisiana. Over 30 years, G2 LNG would export 672 billion cubic feet of LNG annually to China, Europe, the Caribbean and India.

G2 LNG has already made progress on the regulatory front, having obtained approval from the Department of Energy earlier this year to export gas to countries with free-trade agreements with the U.S. Now, it's awaiting word from DOE on an application to sell to other countries, including China and India, and intends to file soon with the Federal Energy Regulatory Commission for permission to build the necessary facilities.

This comes as leading energy authorities like the International Energy Agency caution that Asia and other markets will be unable to absorb most of the LNG capacity of plants proposed or under construction in the U.S. and elsewhere for the next five years or so. The industry leader in the U.S., Cheniere Energy, plans its first shipments in December from a facility in Louisiana.

But Roemer, a banker as well as Louisiana's governor from 1988 to 1991 and a congressman from 1981 to 1988, says some energy analysts overlook the long-term potential for LNG demand in the world, especially in light of global concerns over climate change and recognition that gas is a cleaner-burning fuel than coal and oil.

"Natural gas will be the product of the future," he said in an interview. "It will take the place of coal. It will take the place of oil. It will be a threat to the old empire."

Moreover, according to Roemer, U.S. LNG will become increasingly appealing in comparison to gas from other, less stable regions of the world, like Russia and the Middle East.

"The thing that's attractive about America is its consistency," he said. "It's the fact that you make a deal and we honor it. It's not (Russian President Vladimir) Putin. It's not the Middle East. It's America, and I think this energy business will be important to America. That's the reason we started this venture. I know there's competition. I like that. But the chance to deliver a promise made in America around the world is powerful to me."

Read more: http://www.usatoday.com/story/money/columnist/2015/10/04/bill-lovel...

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85 GAS PROJECTS DYING ON THE VINE AS LNG'S PROMISE FALLS SHORT

By Christine Buurma Stephen Stapczynski Naureen Malik bloomberg.com/news October 8, 2015

  • Market only needs 5 percent of planned export projects: IHS
  • More than half of U.S. terminals may never be built: Fitch

Five years ago, energy companies hungry for the next big thing began planning as many as 90 terminals to send natural gas around the globe.

Now, it seems the world only needs five more.

Consulting firm IHS Inc. says only one in every 20 projects planned are actually necessary by 2025 as weakening Asia economies, cheap coal, the return of nuclear power in Japan and the ever-expanding glut of shale supply in North America temper demand for the power-plant fuel, putting tens of billions of dollars worth of export projects at risk.

Barring an unusually cold winter in Asia, global LNG supply will outstrip demand by next year, said Trevor Sikorski, an analyst at Energy Aspects Ltd. in London. Seven new plants in Australia will flood the market over the next two years. Cheniere Energy Inc. is planning the startup of its Sabine Pass terminal in Louisiana this quarter.

“The global LNG industry now resembles a game of ‘musical chairs’ with far more projects than the market can absorb,” said James Taverner, an IHS analyst in Tokyo. “There is a very narrow window of opportunity for new projects that want to take final investment decision by 2020."

Link to full article:

http://www.bloomberg.com/news/articles/2015-10-09/85-gas-projects-d...

In my opinion, LNG will be facing the future of wind and solar with all the research being done on battery storage.

When the day comes that we can put up an solar/wind/battery system and totally disconnect from the power grid will be equal to the last days of whale oil lighting when Drake drilled a hole in the ground.

I agree to an extent, Max.  I think that the grid will evolve into a "smart grid" with renewables providing the majority of electrical power with natural gas the back up fuel source.  Those that wish to disconnect from the grid will be able to do so in certain parts of the country.  However those that are not living in areas with sufficient regional solar or wind potential will depend on natural gas fired back up from the grid.  And CNG and LNG will find niches in the vehicle fleet where they are superior to electric power.  Light duty vehicles may never have the kind of long range battery with fast recharging capability to compare to gasoline or diesel engines.  I could see advantages in a CNG/Electric hybrid.  Where I live I could have home fueling capability for both fuels.  So if I need to drive when my battery is low and there is no time to recharge, I simply switch to CNG. 

Yes Skip, I think your views are all correct.  I wish they would hurry up and get LNG and CNG powered vehicles more common than current fueled vehicles.

I think wide spread deployment of CNG and LNG as vehicle fuels will require some incentives.  Those incentives might be addressed in a cap-and-trade program.

Most folks don't like incentives but without incentives, this country wouldn't be the world leader that we are.

Give a company a few tax breaks ($$) and reap in ($$$$$$$$$) from those same "penny's".  We all become wealthier when we work together.

I would think that we are running on virtually the same electrical grid that I worked on building back in 1969. In George W. Bush's first run one of his goals was to take the USA from a two lane highway to a six lane highway as for as the electric grid was concerned.Today I don't think that this has happened. Six lane highway may need to be an eight lane highway in 2015.

this is 2015..oct.....they is guine to have to wurk very...very fast.....mucho grascias

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