[thackney]

I don’t see it. Granted this is politics not industry stuff. But I would guess our exports won’t be more than 10~20% of our production. Hard to figure any math that would keep our exports competitive and make any real difference. If we wait much longer, Australia, Canada, Qatar and others will capture enough of the global market, we won’t have customers to send it to.

[SAJ]

I'm not up to date on the current price of LNG in, particularly, Asia, but I know that fairly recently it was above $10/MMCF. Given the recent decline, I can hardly imagine it is lower than roughly $9.00. Give you $2.00 for transport (generously) and $1.50 for liquefaction, and that is still one hell of an arbitrage, right, mate?

And the $1.50 cost rates to drop considerably once the Cheniere and other facilities are on line, does it not?

This would seem to make exporting a much more attractive, hence a considerably larger, portion of the natty industry in future.

Not making an argument pro or con here -- just trying to get a handle on what MARKET forces, as opposed to goobermint fiat forces, may portend.

Best to you as always, mate.