Will Marcellus & Utica Shale Gas be Exported Any Time Soon?
Twelve applications have been made to the federal government requesting permission to set up export facilities for liquefied natural gas (LNG), some of those for Marcellus and Utica shale gas. Japan desperately needs natural gas in the wake of the Fukushima Daiichi nuclear disaster which is shutting down all of Japan’s nuclear power industry. Most of Europe is impotent to begin fracking their own shale deposits (thanks to the iron grip of extreme environmentalism).
The U.S. has plenty of gas and other countries want it. But one thing stands in the way of exporting it—the Obama Dept. of Energy and a study they are conducting to evaluate how much natural gas prices will go up here at home if we start exporting it. The study was due to be completed early this year. Then “by end of summer.” And now? End of the year. Kind of sounds like the DEC in New York with their “study” of drilling!