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BHP Billiton (BHP) is considering shipping some of its U.S. shale gas reserves to Asia, spurred...

  • Monday, November 12, 2012, 11:38 AM ET
    BHP Billiton (BHP) is considering shipping some of its U.S. shale gas reserves to Asia, spurred by interest from Japanese power utilities seeking shale gas, which sells for about a quarter of the price of LNG imports. It is becoming more attractive for BHP to export gas from the U.S. rather than from western Australia, where LNG ventures are struggling with escalating costs.
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This news story has 3 comments:

  •  
    Good luck with that. It'll take forever to get supplies approved for Asia. Otherwise, it seems like a no brainer to explore.
    12 Nov 2012, 11:47 AM Reply Like
  •  
    News flash: Papua New Guinea is not in Australia.
    12 Nov 2012, 11:56 AM Reply Like
  •  
    To get USA gas to Asia will take 7 years or so because the following hoops have to be jumped through:-
    - Get export permit from the host of USA agencies
    - Get permission to build export facility in the USA - let's not forget the torturous environmental permitting for this facility
    - Build the facility, at least four years.

    So if you are prepared to wait a decade or so before the benefits of this decision reports in the BHP Billiton bottom line, Good for you!
    12 Nov 2012, 12:50 PM Reply Like
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