Quote:
Originally Posted by BroadHopper
Don't forget the NIMBYs play into this. No gas lines in their backyards. Lots of gas at the wellheads but no distribution channels. Also, grassroots organizations are against using natural gas. I'd rather stop burning coal and oil and switch to cleaner natural gas for the time being until renewables catch up!
There were plans in the works for decades to switch the Bow plant that burns coal to LNG, but the NIMBYs stop the pipelines from Portsmouth.
|
Increasing the demand would not lower the price. The price was lower in the past because the means to compress the gas to liquid (LNG) and thus transport it to Europe did not exist in the same capacity.
That capacity now exists, so even though natural gas production is up, it hasn't increased enough to cover the extra level of export.