Saturday, March 15, 2014

STUFF ... Global LNG supplies doubled in last 10 yrs. Regasification, shipping capacity tripled ... LPG a mix of propane, butane. Liquifies at 15C. More dangerous than LNG. Propane heavier than air, LNG lighter. Turkey now allows LPG through Bosporus. But not convinced LNG safe enough. Could change game with Russia if Turkey would approve LNG through Bosporus ... Malta may be next big oil/gas find. Offshore territory larger than Israel's Levant basin. Genel there (remember Tony "I just want my life back" Hayward?) Morocco another with big potential ... Baltics, Finland get 100% of their NG from Russia. Slovakia, Belarus 98%. Czechs 78%. Greece 76%. (You get the pic.) Hungary, Poland, Slovakia, CZ already sent letters to Boehner, Reid begging to hurry NG exports. Facts: 6 US LNG export terminals already approved. Being built. Won't be done in years. Already contracted to supply Asia. 22 more terminal aps ... Last year, US produced under 72BCF/d NG. My math is that's .2TCF over 26/y. Last year US used 26TCF: EIA. Bottom line we have .2TCF/yr to spare. Some saying we may have to import NG next winter ... Study concluded NG exports could garner US up to $47B/yr in new econ activity. (Stocks: LNG, D, SRE, CHK) ... Gazprom, Rosneft, Novatek plan to build 50M metric tons LNG capacity next 10 yrs to service Asia. Happy trails, pards. Gates/Buffet for President.

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