Import Plant News Today

In fact, weve had a major oil company, apache, run way from a british columbia lng plant because its just not profitable and its not going to be. its not anywhere -- theres no way or shape or form that youre going to get a major oil company to commit to making a long-term plan for lng fuel. >> so heres the key and the irony i want to highlight. what youre saying are these great friends of the free market, right, the rand pauls of the world and every republican politician you can find, politician...

Now, the united states can do nothing in terms of creating a pipeline to all of these eastern european nations that are under -- >> like, hi, we are poland, were a few kilometers from russia, well take our natural gas. >> thats exactly right. the only way you can get it across through permitting is through what we call lng, which is liquefied natural gas. it needs to be cooled, natural gas, to be transported as lng needs to be cooled to a minus 260 degrees fahrenheit then put in very, very caref...

Cooled to minus 260 degrees fahrenheit, then put it carefully into select containers that you can transport overseas. this costs a lot of money. >> right. >> this is why permitting, you can permit all of the natural gas exports you want. there are very few energy companies were going to take building these things. they cost $2 billion to convert an import plant into an export plant. 5 or $6 billion to start. >> were not turning on the taps overnight, and all of a sudden its like. >> nobody wants...