President Shitstain Learns New 4-Letter Word In NG Export Push: "Glut"
HOUSTON — The Trump administration is moving to make the United States the world’s leading exporter of natural gas as a central component of both energy and trade policy. But whether global markets, currently awash with gas, will play along remains a long shot over the next several years. Any breakdown of talks to remodel the North American Free Trade Agreement, which set the regulatory framework that allowed gas exports to Mexico to triple over the last six years, could also get in the way.
EDIT
The momentum for start-ups hit a wall over the last two years worldwide, and four United States projects approved in recent years have not yet begun construction. Companies have been content to complete the permitting process, seek financing and markets, and develop construction plans in the hope they can act fast in case the market turns around. “The pace follows the market and not the wishes of the U.S. government,” said Nikos Tsafos, president and chief analyst at the consultancy Enalytica. “No one is really out there fishing for new projects right now.”
The gas business is cyclical, and proponents say it is only a matter of time before demand picks up. China and India are increasingly turning to gas to replace coal and improve the air quality of their cities. Gas demand for transport is growing in Iran, Pakistan and Argentina. Germany has largely given up on nuclear power, and it needs natural gas to replace some of the lost power.
EDIT
The Federal Energy Regulatory Commission last year denied a permit to the terminal as well as a pipeline to link it to production, saying the pipe would have “adverse effects on landowners.” There was also strong opposition from local environmental groups. The commission can reconsider the issue, but not any time soon, because three of its five seats are vacant and the Senate has been known to take months to confirm commission nominations.
EDIT
https://www.nytimes.com/2017/05/01/business/energy-environment/trump-natural-gas-exports.html