Natural Gas Forecast [RE-wrenches]

Jeffery Wolfe, Global Resource Options jeff at globalresourceoptions.com
Sun Nov 7 07:29:40 PST 2004


 

Your free subscription is supported by today's sponsor:
-------------------------------------------------------------------
Are you serious about buying a NEW car or truck soon? 
Research before stepping on the car lot and save THOUSANDS!
Get NO OBLIGATION price quotes from car dealers in your area.
http://click.topica.com/caacOlPbz8Qcsbz9JC9a/LeadClick
-------------------------------------------------------------------

Bob,

Refract NG is just a stepping stone for the mainline fuel cell folks. The larger plans are for H2 from H2O, with the electricity provided by nuclear. It's a logical progression which will be forced down our throats when it's "too late" to do anything else.

Just my opinion...

Jeff Wolfe
Global Resource Options
800-374-4494 

-----Original Message-----
From: Bob Maynard, Energy Outfitters [mailto:bob at energyoutfitters.com] 
Sent: Friday, November 05, 2004 2:18 PM
To: RE-wrenches at topica.com
Subject: RE: Spam:Natural Gas Forecast [RE-wrenches]

 

Your free subscription is supported by today's sponsor:
-------------------------------------------------------------------
Is America Safe? Give your opinion on Homeland Security and enter to win!
http://click.topica.com/caacOlqbz8QcsbAltH2a/PermissionData
-------------------------------------------------------------------

MO,

I bought my house in Grants Pass in July of 2000, 1500 square foot, new ticky tak construction, subdivision lot sizes 1/5 acre, etc.  First time I've ever been connected to NG.  In just over 4 years, my cost per therm has gone up just over 400% with the last increase, a couple of weeks ago.  Spoke with Christopher Dymond at the Oregon Dept of Energy yesterday.  He said NG was 2.25 per unit for 20 years ending in the late nineties and futures are now over 10!

Makes me wonder what logic drives the fuel cell folks that want to refract NG to get their hydrogen!

Regards,
Bob Maynard
Energy Outfitters
800-GO-SOLAR

-----Original Message-----
From: Mo Rousso [mailto:mrousso at heliopower.com]
Sent: Friday, November 05, 2004 11:00 AM
To: RE-wrenches at topica.com
Subject: Spam:Natural Gas Forecast [RE-wrenches]


 

Your free subscription is supported by today's sponsor:
-------------------------------------------------------------------
Amazing Diet Patch
The fastest - Easiest way to lose weight! Try it now FREE!
http://click.topica.com/caacOlIbz8QcsbAjHnza/MyDietPatches
-------------------------------------------------------------------

Hi All,

The article pasted below was just published today by Sempra Energy.  Besides wanting to share this article, can anyone put into perspective for me what this $ increase may equate to in percentages?

Thanks in advance,
Mo
--
Mo Rousso
President
HelioPower, Inc
760.451.9374
www.heliopower.com

Liquefied natural gas:
A critical fuel for California¹s energy future by Donald E. Felsinger President and Chief Operating Officer Sempra Energy 

When the California Public Utilities Commission (CPUC) voted in September
2004 to allow the state¹s utilities to consider liquefied natural gas (LNG) as part of their resource mix, regulators took a big step forward in helping California avoid another energy crisis.

That¹s because demand for clean-burning natural gas­which has become critical to our economy­continues to rise dramatically, while domestic supplies decline. By 2025, the U.S. Energy Information Administration estimates natural gas demand will grow by more than 40 percent. Yet, because of federal restrictions on drilling and exploration, we are facing potential future shortages and higher prices nationwide.

California uses more than 6 billion cubic feet of gas per day, about 85 percent of which is imported from other states and Canada. Because of this, California is particularly vulnerable to energy-price spikes.

Costs could rise $200 billion
In fact, today¹s natural gas prices are nearly triple what they were just five years ago. Over the next two decades, without new natural gas supplies, energy costs could rise another $30 billion for Californians and $200 billion for all Americans, according to industry studies.

A major driver of natural gas consumption is electricity generation. Most of the new, efficient power plants being built nationwide are fueled by clean-burning and environmentally friendly natural gas. In California, as much as 40 percent of the state¹s gas is consumed by generators, and all of the major new power plants being built here are gas-fired.

Our manufacturing sector is especially vulnerable. Thousands of jobs in heavily gas-dependent industries, such as steel, petroleum, chemicals and food processing, are at risk. Higher energy costs limit companies¹ ability to compete globally.

There are no easy answers, but gaining access to LNG is vital. A study recently released by the Manufacturers Alliance/MAPI estimates that the United States could reduce natural gas prices as much as 25 percent by 2010, if eight new LNG receipt terminals are built.

LNG is safe
LNG is natural gas chilled to minus 260 degrees Fahrenheit, at which temperature it turns into a nontoxic, odorless liquid, reduced in volume by 600-to-1. The liquid then gets shipped by special tankers to on- or offshore terminals, where the liquid is warmed and converted back into gas. There are vast reserves of natural gas in the Middle East and the Pacific Rim that can be exported as LNG to meet international demand.

While some critics have questioned the safety of LNG, the industry has an excellent track record. Over the past 35 years, in excess of 30,000 LNG shipments have been safely transported over more than 60 million miles.

LNG can be imported to Mexico, California and other parts of the United States at a cost more than 30 percent lower than current market prices for domestic gas, but we need new infrastructure to do so. Developing new LNG receipt facilities, interstate pipelines and gas-storage facilities must be a national priority.

First new West Coast site
Sempra Energy is building Energía Costa Azul, the first new LNG receipt terminal on North America¹s West Coast. And, now, thanks to two historic agreements signed by Sempra Energy LNG in October 2004, we have contracts for the entire capacity of the plant for the next 20 years.

The first of these agreements was a sales-and-purchase agreement with BP and its Tangguh LNG partners for the supply of 3.7 million tonnes of liquefied natural gas (LNG) per year, the equivalent of 500 million cubic feet of natural gas a day. 

The other was a 20-year agreement with Shell International Gas Limited
(Shell) that provides Shell with half the initial capacity of the Energía Costa Azul LNG receipt terminal in Baja California, Mexico. The agreement also gives Shell rights to half of any capacity additions as the project expands in the future. [Read more about these agreements in this issue of Performance Report.]

When it begins operating in 2008, this receipt terminal near Ensenada, Mexico, will be able to process up to 1 billion cubic feet per day of natural gas. At first, about half of this gas will flow to manufacturing and power-generation facilities in Baja California. The other half could be exported to California and other Western states.

Sited at a remote coastal location, this facility will be built to the highest recognized international standards for health, safety and environmental compliance. Mexico¹s regulations for LNG facilities are consistent with those in the United States and, in some areas, even more stringent. 

Several other companies are interested in developing new LNG receipt terminals in California, Mexico and the Northwest, but completion of regulatory reviews and construction could take five years or longer, not considering additional delays from litigation waged by project opponents.

Lifeblood of our economy
In the 1990s, California was slow to recognize that our energy infrastructure and supplies needed to keep pace with our growth: No new major power plants were built during the decade. If we¹ve learned anything from California's energy crisis of 2000-01, it¹s that energy is the lifeblood of our economy and that a reluctance to invest in adequate energy infrastructure will result in disastrous consequences.

 Donald E. Felsinger is President and Chief Operating Officer of Sempra Energy. Based in San Diego, Sempra Energy is a Fortune 500 energy-services company with 2003 revenues of $7.9 billion. Sempra Energy serves the largest customer base of any energy utility in the United States. With nearly 13,000 employees worldwide, the Sempra Energy companies develop energy infrastructure, operate utilities, and provide related products and services to more than 10 million customers in the United States, Europe, Canada, Mexico, South America and Asia. Sempra Energy common shares trade on the New York Stock Exchange (NYSE) under the symbol "SRE."

Your free subscription is supported by today's sponsor:
-------------------------------------------------------------------
Claim your tickets to Universal Orlando now http://click.topica.com/caacOlubz8QcsbAjHnzf/PermissionData
-------------------------------------------------------------------

- - - -
To send a message: RE-wrenches at topica.com

Archive of previous messages: http://lists.topica.com/lists/RE-wrenches/read

List rules & etiquette: www.mrsharkey.com/wrenches/etiquette.php

Check out participant bios: www.mrsharkey.com/wrenches/

Hosted by Home Power magazine

Moderator: michael.welch at homepower.com

Your free subscription is supported by today's sponsor:
-------------------------------------------------------------------
Free recipes to get you in shape
http://click.topica.com/caacOlCbz8QcsbAltH2f/PermissionData
-------------------------------------------------------------------

- - - -
To send a message: RE-wrenches at topica.com

Archive of previous messages: http://lists.topica.com/lists/RE-wrenches/read

List rules & etiquette: www.mrsharkey.com/wrenches/etiquette.php

Check out participant bios: www.mrsharkey.com/wrenches/

Hosted by Home Power magazine

Moderator: michael.welch at homepower.com

Your free subscription is supported by today's sponsor:
-------------------------------------------------------------------
4 Free Low-Fat recipes
http://click.topica.com/caacOlzbz8Qcsbz9JC9f/PermissionData
-------------------------------------------------------------------

- - - -
To send a message: RE-wrenches at topica.com

Archive of previous messages: http://lists.topica.com/lists/RE-wrenches/read

List rules & etiquette: www.mrsharkey.com/wrenches/etiquette.php

Check out participant bios: www.mrsharkey.com/wrenches/

Hosted by Home Power magazine

Moderator: michael.welch at homepower.com
--^----------------------------------------------------------------
This email was sent to: michael.welch at homepower.com

EASY UNSUBSCRIBE click here: http://topica.com/u/?bz8Qcs.bz9JC9.bWljaGFl
Or send an email to: RE-wrenches-unsubscribe at topica.com

For Topica's complete suite of email marketing solutions visit:
http://www.topica.com/?p=TEXFOOTER
--^----------------------------------------------------------------









More information about the RE-wrenches mailing list