GasBuddy Blog

GasBuddy News Article

votes

Officials say wider canal can boost natural gas exports

Houston Chronicle -- Transportation and port officials reiterated Tuesday that the nearly complete expansion of the Panama Canal will provide opportunities for growth in exports, but won't immediately strain the state's road, railroads and pipelines.

During a state Senate Transportation Committee hearing at the Capitol in Austin, the heads of the Texas Department of Transportation and the Port of Houston Authority summarized and elaborated on the findings of a report last week that described the effects on Texas of the $5.25 billion project that will nearly triple the canal's capacity.

The report said the bigger canal mainly will allow for more exports to Asia, including natural gas as soon as companies get government permits to liquefy the gas for export in special tankers.

But the canal expansion isn't li

Read the Full Article

Submitted Dec 19, 2012 By: skb69sa

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Officials say wider canal can boost natural gas exports	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

TXRanger09 Champion Author Dallas Posts:2,498 Points:889,265 Joined:May 2009	Message Posted: Dec 19, 2012 10:25:27 AM Ignore TXRanger09 Report Abuse I've got to get out of my cave more often! Had no idea the Panama Canal was being widened.
humblepie Champion Author Toledo Posts:34,122 Points:2,369,420 Joined:Mar 2006	Message Posted: Dec 19, 2012 9:21:44 AM Ignore humblepie Report Abuse why not just hang on to our resources ?
Buck_on_Bass Champion Author Tennessee Posts:7,568 Points:1,454,315 Joined:Jul 2007	Message Posted: Dec 19, 2012 8:26:04 AM Ignore Buck_on_Bass Report Abuse We'll have to see what the requirements are for LNG tankers in the expanded canal. In US ports, LNG tankers have special rules for movements to minimize collision risks with other vessels.
Joeski1 Champion Author New Jersey Posts:9,984 Points:1,739,885 Joined:Dec 2004	Message Posted: Dec 19, 2012 8:10:39 AM Ignore Joeski1 Report Abuse if the methane gas producers want a wider canal... I say.. "Let them go ahead and build it".... no tax money, no subsidy, and please conform to all environmental and safety and construction standards.. now get on it... [Edited by: Joeski1 at 12/19/2012 8:12:37 AM EST]
ClarkSC Champion Author South Carolina Posts:3,068 Points:1,009,455 Joined:May 2010	Message Posted: Dec 19, 2012 8:04:43 AM Ignore ClarkSC Report Abuse What about keeping it in the US.
Ltdc Champion Author Long Island Posts:7,205 Points:1,675,170 Joined:Jul 2007	Message Posted: Dec 19, 2012 7:25:10 AM Ignore Ltdc Report Abuse TR would be proud.
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Dec 19, 2012 7:05:09 AM Ignore virostek Report Abuse I do not think so.
doeslayersr Champion Author Illinois Posts:9,098 Points:869,305 Joined:Dec 2010	Message Posted: Dec 19, 2012 6:57:04 AM Ignore doeslayersr Report Abuse Ok, let Panama pay for it. If we pay for it, then we take back ownership of the canal.
cheap59 Champion Author Michigan Posts:4,240 Points:960,020 Joined:May 2010	Message Posted: Dec 19, 2012 6:49:06 AM Ignore cheap59 Report Abuse So who is going to pay for this?
FMREALTOR Champion Author Florida Posts:6,395 Points:1,695,055 Joined:Jan 2007	Message Posted: Dec 19, 2012 6:03:23 AM Ignore FMREALTOR Report Abuse Exporting to china could be a good thing. however, we really need to stop exporting for now.
KE4YBZ All-Star Author Knoxville Posts:578 Points:556,310 Joined:May 2011	Message Posted: Dec 19, 2012 6:00:40 AM Ignore KE4YBZ Report Abuse This is a good thing... isn't it? We NEED to export to china... simply to help balance trade... since we import SOOO MUCH STUFF from China already!
FocusST2 Champion Author North Carolina Posts:8,133 Points:1,376,975 Joined:Jul 2009	Message Posted: Dec 19, 2012 5:50:53 AM Ignore FocusST2 Report Abuse Wait a minute.....isn't the Panama Canal controlled by the Chinese? Gotta be since all those projected exports going through the canal are bound for the Far East. [Edited by: FocusST2 at 12/19/2012 5:52:52 AM EST]
Bonanza Champion Author Boston Posts:12,075 Points:2,549,055 Joined:Jun 2004	Message Posted: Dec 19, 2012 5:09:22 AM Ignore Bonanza Report Abuse Keep what is ours
Luckylindy Champion Author Milwaukee Posts:4,504 Points:1,125,120 Joined:May 2008	Message Posted: Dec 19, 2012 4:30:46 AM Ignore Luckylindy Report Abuse A pipeline would be more cost effective.
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: Dec 19, 2012 3:59:30 AM Ignore TIGERPAW46 Report Abuse If the Gov. tries real hard they can probably authorize open market on exportiNG NG & the companies can maybe sell out that 100+ year supply of NG in the USA, within 25-30 yrs. by exportiNG overseas.
TXryder Champion Author Texas Posts:2,697 Points:430,480 Joined:Jan 2012	Message Posted: Dec 19, 2012 3:58:59 AM Ignore TXryder Report Abuse The demands of vast products to support the increasingly overpopulation of China and other Asian countries will tremendously cause negative impact on the American people. While export sales will bring in money their consumption will cause shortages worldwide. Commodities of all types, fuel, construction resources like steel & concrete, food and other ag products. Shortages are have already been impacting the American people.
TIGERPAW46 Champion Author Florida Posts:7,120 Points:1,353,810 Joined:Mar 2004	Message Posted: Dec 19, 2012 3:54:01 AM Ignore TIGERPAW46 Report Abuse As the plot thickens, or as Paul would say, now for the rest of the story. ""The report said the bigger canal mainly will allow for more exports to Asia, includiNG natural gas as soon as companies get government permits to liquefy the gas for export in special tankers"" So they can sell off all the USA reserves while raisiNG the price of NG to everyone in the USA. YEA GREAT IDEA WASHINGTON, APPROVE IT. NOT!
BEngr Champion Author Illinois Posts:6,701 Points:1,578,065 Joined:May 2008	Message Posted: Dec 19, 2012 3:43:31 AM Ignore BEngr Report Abuse The article didn't say who is funding the expansion of the Panama Canal? I hope it is not my tax dollars unless we are getting interest on the money.
lgwhitlock Champion Author Chico Posts:7,375 Points:1,683,545 Joined:Jun 2008	Message Posted: Dec 19, 2012 3:42:47 AM Ignore lgwhitlock Report Abuse Maybe...
RENEGADEGAS Champion Author Missouri Posts:14,899 Points:1,589,275 Joined:Jul 2008	Message Posted: Dec 19, 2012 3:42:41 AM Ignore RENEGADEGAS Report Abuse All businesses will look to sell their products to the highest paying customer, so this is no surprise. If anyone of us owned a business that couldn't make a profit close to home, we would look to sell our products to customers no matter where they are that are willing to pay a price that will make our business profit. Americans can not afford to pay more for natural gas or gasoline due to the high unemployment and catastrophically damaged economy. So off to the ship yards with it to sell to those who will pay more.
Settjec Champion Author Little Rock Posts:1,969 Points:685,795 Joined:May 2010	Message Posted: Dec 19, 2012 3:38:27 AM Ignore Settjec Report Abuse They will get the monies "1boog" ... from US!
1Boog Champion Author Lincoln Posts:5,961 Points:1,198,975 Joined:May 2004	Message Posted: Dec 19, 2012 3:35:12 AM Ignore 1Boog Report Abuse good luck getting the money for this expansion!!
pricewar Champion Author Ogden Posts:1,930 Points:272,290 Joined:Jul 2012	Message Posted: Dec 19, 2012 3:25:20 AM Ignore pricewar Report Abuse A wider canal is a good thing, but there is a lot of turmoil over there
greshams Champion Author Cincinnati Posts:2,000 Points:373,720 Joined:Nov 2011	Message Posted: Dec 19, 2012 3:25:00 AM Ignore greshams Report Abuse they can't wait to sell it overseas,what is wrong with these people.
BeulahME Champion Author Maine Posts:1,106 Points:443,840 Joined:Jan 2011	Message Posted: Dec 19, 2012 3:24:39 AM Ignore BeulahME Report Abuse Ya, lets export Natural Gas so everyone in the USA will pay higher prices! Good idea.
findcheap Champion Author Los Angeles Posts:9,582 Points:2,006,950 Joined:Apr 2007	Message Posted: Dec 19, 2012 3:14:50 AM Ignore findcheap Report Abuse will hurt L.A./Long Beach harbors, but lessen its pollution
afghaned Champion Author Hamilton Posts:11,803 Points:1,283,435 Joined:May 2004	Message Posted: Dec 19, 2012 3:12:20 AM Ignore afghaned Report Abuse Once the exporting starts the home price will increase & supply & demand will be affected. Just look at the recent price increase based on possible increased demand.
mohammed10 Champion Author Seattle Posts:1,217 Points:579,720 Joined:Jun 2011	Message Posted: Dec 19, 2012 3:11:14 AM Ignore mohammed10 Report Abuse Ok
VikingWoman Champion Author Washington Posts:1,251 Points:249,715 Joined:May 2012	Message Posted: Dec 19, 2012 3:08:26 AM Ignore VikingWoman Report Abuse Just keep US prices low and charge higher prices on exported NG.
PetroScopper Champion Author Houston Posts:6,612 Points:1,548,025 Joined:Aug 2008	Message Posted: Dec 19, 2012 3:02:34 AM Ignore PetroScopper Report Abuse I don't see where the problem is... everyone gets to make money.
DCbeachbum Champion Author South Carolina Posts:2,642 Points:902,240 Joined:May 2010	Message Posted: Dec 19, 2012 2:59:45 AM Ignore DCbeachbum Report Abuse Making the Panama Canal wider is a good thing. When the Panama Canal is widend it looks like we will be ready. But why are we sending taxpayers money to Panama? The U.S. gave the canal to Panama.
Amplion Champion Author Oregon Posts:6,756 Points:1,862,360 Joined:Sep 2005	Message Posted: Dec 19, 2012 2:54:03 AM Ignore Amplion Report Abuse NATURAL GAS IS MANY DISASTERS !!! ALLENTOWN.......SanBRUNO..........SPRINGFIELD..........SISSONVILLE !!!!!!! WHERE WILL THE NEXT NG DISASTER STRIKE ??????????
JoeKR Champion Author New Jersey Posts:9,458 Points:1,742,295 Joined:Feb 2006	Message Posted: Dec 19, 2012 2:46:33 AM Ignore JoeKR Report Abuse Beware,special tankers!
LilRedWagonIN Champion Author Indiana Posts:7,766 Points:1,552,435 Joined:Oct 2008	Message Posted: Dec 19, 2012 2:42:52 AM Ignore LilRedWagonIN Report Abuse So, we will be able to ship it from the Gulf to California?
Happytalk Champion Author Pennsylvania Posts:2,125 Points:575,165 Joined:May 2010	Message Posted: Dec 19, 2012 2:42:40 AM Ignore Happytalk Report Abuse keep it here
bobdec Champion Author Miami Posts:8,954 Points:1,767,770 Joined:May 2008	Message Posted: Dec 19, 2012 2:40:33 AM Ignore bobdec Report Abuse Keep it here
Retowered Champion Author Colorado Posts:8,567 Points:2,683,465 Joined:May 2004	Message Posted: Dec 19, 2012 2:33:55 AM Ignore Retowered Report Abuse Yep, more taxes.
Bruno44 Champion Author Texas Posts:7,065 Points:1,766,245 Joined:Sep 2007	Message Posted: Dec 19, 2012 2:29:20 AM Ignore Bruno44 Report Abuse Good point by texasvet.
SkooterG Champion Author Phoenix Posts:1,359 Points:327,835 Joined:May 2012	Message Posted: Dec 19, 2012 2:26:52 AM Ignore SkooterG Report Abuse Didn't know the Big Ditch was getting widened.
pepinoNC Champion Author Raleigh Posts:2,143 Points:656,840 Joined:May 2011	Message Posted: Dec 19, 2012 2:23:09 AM Ignore pepinoNC Report Abuse In a free market goods are sold to the highest bidder. Those of you that want to force the oil companies oil companies to sell their product here are wanting to socialize the industry.
Jeff4U Champion Author Atlanta Posts:8,733 Points:1,850,195 Joined:Nov 2004	Message Posted: Dec 19, 2012 2:21:14 AM Ignore Jeff4U Report Abuse Yep, export to everyone else to keep prices high at home.
texasvet Champion Author Texas Posts:3,823 Points:360,120 Joined:Jul 2009	Message Posted: Dec 19, 2012 2:21:09 AM Ignore texasvet Report Abuse Wally52 - We keep the vast majority of oil, gas, and petroleum products here. We have the capability to produce far more NG than we can use - in fact, much of the gas in the Bakken play is flared off because there's no market for it.
wally52 Champion Author Little Rock Posts:27,424 Points:812,560 Joined:Jan 2011	Message Posted: Dec 19, 2012 2:15:58 AM Ignore wally52 Report Abuse Don't we keep anything here any more?
nurdco Champion Author Colorado Springs Posts:9,217 Points:1,692,460 Joined:Apr 2008	Message Posted: Dec 19, 2012 2:15:16 AM Ignore nurdco Report Abuse Break Even is not cost effective with rebuild to widen.... Meke the boats taller...
Z51Corvette Champion Author Austin Posts:8,475 Points:1,669,245 Joined:Jan 2008	Message Posted: Dec 19, 2012 2:14:11 AM Ignore Z51Corvette Report Abuse Same people said make the roads wider so developers could develop more land... Wow, does this sound familiar!
kgbellman Champion Author Ann Arbor Posts:2,703 Points:729,890 Joined:Mar 2011	Message Posted: Dec 19, 2012 2:11:26 AM Ignore kgbellman Report Abuse Well, let's see once it opens
UseLessGasFolks Champion Author Iowa Posts:5,436 Points:1,293,900 Joined:Jul 2007	Message Posted: Dec 19, 2012 2:08:44 AM Ignore UseLessGasFolks Report Abuse Keep it here. Once it's gone it's gone.
gmcgas Champion Author Atlanta Posts:5,942 Points:1,712,120 Joined:Mar 2004	Message Posted: Dec 19, 2012 2:08:14 AM Ignore gmcgas Report Abuse do we really export that much to Asia?
TWS658 Champion Author Portland Posts:4,543 Points:950,875 Joined:Sep 2005	Message Posted: Dec 19, 2012 2:07:43 AM Ignore TWS658 Report Abuse Wow.
ican2step Champion Author Pittsburgh Posts:1,676 Points:425,675 Joined:Feb 2012	Message Posted: Dec 19, 2012 2:05:04 AM Ignore ican2step Report Abuse Dig it.