Economy and Business
Thursday, January 21, 2016
Overseas green-energy energy may be slowing Ohio natural gas exports
Plans for massive investments in infrastructure for the Utica Shale may be reviewed
by WKSU's TIM RUDELL |
Reporter
Tim Rudell | | |
 | | LNG Tanker At Sea | | Courtesy of FERC.gov |
Visions of selling Ohio natural gas around the world by compressing it into liquid and sending it on ships has been one of the drivers of the Utica Shale boom. But, development of renewable energy technology in other countries may be dimming that prospect. WKSU’s Tim Rudell reports.
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Economists for the Brattle Group, an international consulting firm in the energy sector, are advising that long-term prospects for liquefied natural gas exports from the U.S. are weakening.
Brattle’s Jurgen Weiss says the world LNG market is increasing to fuel power generating.  That renewable energy sources like wind and solar are becoming cost competitive LNG for running power plants. And that that could have a big effect.
“There may be exports from facilities that are already under construction, and will be on line in the next few years. But it raises questions about how many additional export facilities will be built and how much demand there will be for LNG exports from the United States, beyond facilities already under construction.”
The Brattle report says places like Japan and China, are also ramping up their nuclear power options. |
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National analysts contemplate the meaning of Ohio banking mergers
