The power and gas markets look very different today from what we were anticipating three to four years ago. Gas has gone from seeming shortage to seeming abundance with recent spot prices falling...
Getting the Gas
The search for supply goes global, for better or worse.
bill, would ask legislators to approve of the new oil tax terms to be incorporated into a gas pipeline project during a special session to be called for this spring or early summer if the tax bill is passed. The sponsors are encouraged to see that the fiscal aspects of the project, and their long-term stability are moving in a positive direction.
Only time will tell if either arctic pipeline gets built and how they compete with each other at their final delivery points, and with LNG. And LNG developers have their own set of issues: competition for liquefaction capacity, NIMBYism, and contracting. But for better or worse, the industry has staked its future on gas supplies from more exotic sources than in the past.