Methane hydrate is the world’s largest natural gas resource. Japanese engineers recently became the first to produce methane hydrate from a well in the floor of the Pacific Ocean. NPR asks if this could become another natural gas boom?
Related: What is Methane Hydrate? [1]
[1] http://geology.com/articles/methane-hydrates/
More at NPR.
The idea of exporting United States natural gas as LNG has not obtained unanimous support. Now a bill proposes LNG exports to NATO allies plus Japan.
More at The Hill.
Gas shale [1] plays in the United States continue to attract investments from worldwide companies. Japex (Japan Petroleum Exploration Company)
[1] http://geology.com/gas-shales/
More at Bloomberg.
Exxon Mobil is targeting natural gas development projects in Canada where they can freely export the gas as LNG to Asian markets.
More at Bloomberg.
“Japan is one of the largest energy consumers in the world, and relies heavily on fossil fuel imports to meet its energy requirements. The Fukushima nuclear incident in 2011 could shift the country’s energy mix and place more emphasis on oil and natural gas imports.” Quoted from the Energy Information Administration press release.
More at Energy Information Administration.
In just the past few weeks companies from China, France and Japan have purchased large holdings in the Eagle Ford, Utica and Marcellus Shales.
More at Bloomberg.
“Global natural gas prices vary considerably from one region to another. Since the beginning of 2010, North American prices have been relatively low, Asian prices relatively high, and northwest European prices in between.” Quoted from the Energy Information Administration article.
More at Energy Information Administration.
Immediately after Japan was hit with a devastating earthquake and tsunami plans were underway to replace much of the country’s nuclear power generating capacity with fossil fuels. This New York Times article explores how this is being done and at what cost.
More at New York Times.
Natural gas prices in Asia are three times higher than prices in North America. Natural gas producers, Apache, Encana and EOG Resources hope to cash in on that by building a liquefied natural gas plant near Kitimat, British Colombia that will prepare …
More at Business Week.
The cost of liquefied natural gas (LNG) being imported by Japan has been rising sharply since the earthquake and tsunami damaged of their nuclear power generating capacity. Quoted from the Energy Information Administration article.
More at Energy Information Administration.
