The
current wholesale price for natural gas is $3.56 per 1000 cubic feet. The
average retail price for industries is $8.56/1kcf. The residential price is
$12.84/1kcf and the commercial price is $11.59/1kcf.
Most
countries import natural gas. Japan, South Korea and many other countries who
need natural gas have no pipelines and need LNG to produce energy.
The US is
a net exporter of LNG and is preparing its pipeline systems and LNG terminals
to ship LNG across the globe. Asia and Europe are likely markets for US
LNG. This gives the US a high demand
commodity to sell and reduce its trade deficit.
Constructing an LNG plant costs at
least $1.5 billion per 1 MTPA capacity, a receiving terminal costs $1 billion per 1 bcf/day
throughput capacity and LNG vessels cost $200 million–$300 million.
Constructing a Pipeline costs an average of
$7.65 million per mile. Costs can range from $2.9 million to $13 million.
The $5 billion, 600-mile (970-km) Atlantic
Coast Pipeline is a
42-inch natural gas pipeline developed
through a joint venture between Dominion Energy, Duke Energy, Piedmont Natural Gas and Southern
Company Gas. The 1.5
Bcf/d pipeline, which has
faced opposition and delays, is scheduled for completion in late 2019.
This one cost $8.32 million per mile.
The roughly $2.4-million increase in total
estimated $/mile land pipeline
construction costs brought them to $7.65 million per mile, 46%
higher than 2015. Actual land pipeline
construction costs for projects completed in the 12 months ending
June 30, 2016, were roughly $400,000/mile more than estimated costs. - Sep 5, 2016
These days, it costs anywhere between $2.9 million to a whopping $13 million
*per mile* to build a
new pipeline in the
northeast.- Sep 25, 2018
Norb
Leahy, Dunwoody GA Tea Party Leader
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