Posted on 04/16/2008 7:16:24 AM PDT by 11th Commandment
HOUSTON (Reuters) - The first tanker load of liquefied natural gas arrived Tuesday at the new Freeport LNG import terminal on the Texas Gulf Coast, a spokeswoman said. . . .
...will be able to send up to 1.5 billion cubic feet of gas per day to market....
Denver oilman Michael Smith owns 45 percent... Cheniere Energy Inc owns 30 percent, Texas Holdings (owned by Dow Chemical Co) 15 percent and Japan's Osaka Gas Co Ltd 10 percent...
(Excerpt) Read more at reuters.com ...
BTW all you Mid-westerners, did you realize that your winter natural gas bill was down this year? The Bush Administration lifted the production ban on natural gas in the winter months due to some mating habit of a rabbit or deer or such, and Wyoming gas flowed into huge Midwest storage/distribution facilities. Imagine that, allowing natural gas to be produced during the winter months lowered heating bills... who woulda thunk?
Are you confusing production with drilling of new wells? Can you provide more information on the ban or lifting of it.
Hmm. Unless they're drilling dry wells, I'm guessing that they're hand-in-hand.
I don’t understand why an existing natural gas well would be required to shut down during a season.
there's a bit more to the story - in early January, the Rockies Express natural gas pipeline opened, allowing the Wyoming/Utah surplus of natural gas production to start flowing eastward. I am on the other end of the equation, unfortunately, as my Utah industrial cost for natural gas has gone way up.
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