Quote:
Originally Posted by DoubleK
I'm sure there are plenty of countries in Africa that will take nat gas. From an emissions perspective it's far better than what they are burning now.
Not sure on the economics of gas pipelines. There has to be someone on CP who works for TCE or Enbridge, who would know better. I can't imagine the economic life being any less than 50 years.
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Yes LNG will not be disappearing anytime soon, but there's LNG terminals being built now to service markets that will largely not exist or be severely diminished over the next 15-25 years. Markets like Europe and many Asian countries won't be significant buyers anymore, so what does that do for prices? Africa will grow their LNG infrastructure and likely use LNG, but that's not enough to buck the overall trend. The IEA forecasts are never iron clad, but I'd ask this if you think they're looking in the wrong direction: Europe cut gas by 20% in one year because they had to, how many other places will able to do even a quarter of that?