2012 March 22
FOR IMMEDIATE RELEASE
Contact:
Robert Godfrey
Save Passamaquoddy Bay 3-nation alliance
(US, Passamaquoddy, and Canada)
PO Box 222
Eastport, ME 04631
(207)853-2922 (Old Sow Publishing)
info@SavePassamaquoddyBay.org
Downeast LNG Defies Market Logic
New pipelines are bringing natural gas to the Northeast, increasing availability of Pennsylvania natural gas supply to the Boston market, reducing need for Maritimes & Northeast Pipeline delivery from Canada, making more natural gas available to Maine.
Additionally, the Center for Liquefied Natural Gas (Center for LNG) has clearly indicated that a project like proposed Downeast LNG is not even in the LNG/natural gas industry's own best interest:
"With a 100 year supply of natural gas and more supplies being discovered in new resource areas, the United States is well positioned to meet both the domestic needs of our country and to provide clean burning natural gas to new markets."
— Bill Cooper, president of Center for Liquefied Natural Gas,
"CLNG: EIA gas export study reveals only part of economic picture (USA),"
LNG World News
2012 Jan 21.
http://www.lngworldnews.com/clng-eia-gas-export-study-reveals-only-part-of-economic-picture-usa/
The US Energy Information Administration stated in its 2012 annual long-term energy outlook:
"U.S. production of natural gas is expected to exceed consumption early in the next decade
"The United States is projected to become a net exporter of liquefied natural gas (LNG) in 2016, a net pipeline exporter in 2025, and an overall net exporter of natural gas in 2021. The outlook reflects increased use of LNG in markets outside of North America, strong domestic natural gas production, reduced pipeline imports and increased pipeline exports, and relatively low natural gas prices in the United States compared to other global markets."
http://www.eia.gov/forecasts/aeo/er/pdf/0383er(2012).pdf
President Obama, in his State of the Union address, said:
"We have a supply of natural gas that can last America nearly one hundred years, and my Administration will take every possible action to safely develop this energy. Experts believe this will support more than 600,000 jobs by the end of the decade. And I’m requiring all companies that drill for gas on public lands to disclose the chemicals they use. America will develop this resource without putting the health and safety of our citizens at risk."
http://www.politico.com/news/stories/0112/71920.html
Save Passamaquoddy Bay researcher Robert Godfrey observed, "The Northeast has vast supplies of domestic natural gas available without importing LNG from overseas. Nearly 30 interstate pipelines in the Northeast are being built or expanded to deliver that copious supply."
"Maine is currently developing its natural gas distribution pipeline network to avail access to the plentiful regional and national supply. Downeast LNG might just as well be importing shiploads of ice cubes to Antarctica," he concluded.
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Save Passamaquoddy Bay (SPB) is an alliance of citizens from the U.S., the Passamaquoddy Tribe, and Canada, who oppose siting LNG industrial facilities in Passamaquoddy Bay, and who advocate adherence to world-recognized LNG terminal siting best safe practices as published by the Society of International Gas Tanker and Terminal Operators (SIGTTO). SPB advocates creative-economy, tradition-based, and tourism-based economic development for the international Passamaquoddy Bay area.
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