Indonesian Government Plans To Cut LNG Exports To Japan By 75% - Straits Times/AFP

[hatrack]

JAKARTA - INDONESIA wants to cut its liquefied natural gas (LNG) exports to Japan from 12 to three million tonnes per year after current contracts between the two nations expire, an official said yesterday.

Indonesia, which is Japan's largest supplier of LNG, has said that it needs more gas to meet the soaring local demand for power, amid record oil prices. It plans to lower the volume of its exports to Japan from 2011 to 2016.

EDIT

http://www.straitstimes.com/Free/Story/STIStory_169528.html

Very short article.

[Kolesar]

1. When are Mexico and Canada going to curtail the supply to the US?

Canadians like to heat their homes in the winter, too.

[GliderGuider]

4. "2, 4, 6, 8, tell the bums to abrogate"

NAFTA, that is.

Canadian gas drilling has quadrupled in the last 6 years, and our production has barely stayed flat.

[hatrack]

5. NAFTA's alredy dead, it just doesn't know it yet . . .

It's kind of like a dinosaur - the fact of its demise hasn't reached its walnut-sized brain.

[GliderGuider]

2. The net oil export crisis arrives, "Faster Than Expected"

Read Jeffrey Brown's short paper on the topic from last weeks ASPO meeting in Houston. If it doesn't give you the willies, nothing will.

Quantitative Assessment of Future Net Oil Exports by the Top Five Net Oil Exporters (small PDF)

2030 looks like it's going to be a very interesting year.

[phantom power]

3. something about export curves leading production curves...

It's on the tip of my tongue...

:(

[hunter]

6. It looks more and more like natural gas shortages will be the brick wall we hit.

Structurally unsound U.S. electric grids are propped up in many places by natural gas fired plants. If natural gas supplies are not reliable, these grids collapse. Intermittent renewables such as wind and solar might only aggravate the situation.

[GliderGuider]

7. Eventually it will be the big one.

NG has a ferocious depletion profile, and its use in critical applications like home heating, electricity generation and fertilizer production make supply instabilities a total nightmare. I don't think we'll see global "Peak Gas" until about 2020, but it only takes regional shortages to destabilize things. Once it starts to go, though, I'm projecting a 60% drop in supply by 2050.