Qatar to ship LNG to America? 28, September 2010
Posted by thegulfblog.com in American ME Relations, Qatar.Tags: America Qatar LNG, American LNG imports, LNG trade, Qatari LNG, Shale Gas
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Qatar is to ship LNG to America. The Golden Pass facility in Texas is ready to receive its first load of super-cooled Qatari gas by Q-Max container ship. The venture which is 70% owned by Qatar has sufficient capacity to ‘re-gassify’ enough gas for up to 10 million households per day.
However, I was under the impression that the US LNG market had all but disappeared with the discovery of new methods which made America’s mammoth shale gas reserves viable. Obviously, the Golden Pass terminal was begun before the shale gas phenomenon surfaced, but the question is what’s going to happen now? Qatar and America aren’t that close, after all, with a Qatari tanker having to travel not much less than 20,000km from port to port: as efficient as the new Q-Max containers are, that just can’t be cheap.
The Gulf blog 