Rotary Speaker today was Bill Davis, Project Executive for Golden Pass Products, LLC. Bill was introduced by Dr. Paul Szuch, President of LIT.
Some of us remember that Bill spoke to Rotary about the economic blessing our region has and will receive from
the Golden Pass facility in Sabine Pass. In years past, the primary energy sources were wood, followed by biomass, coal & oil, followed by gas, hydro, and then nuclear. There continued to be much talk about "renewables" although it is projected that even in 2040, renewable energy will make up only 10% of sources.
The demanded fuels (by sector):
- oil
- gas
- coal
- nuclear
- biomass
- renewables
Since its start in Sabine Pass, the gas industry has found effective ways to extract our own gas-sources via horizontal drilling and shale. As the result of this relatively newer method of extraction, our nation is sitting on a gas supply that could last 100 years.
Golden Pass has now entered into the "export" business.
Exporting LNG (liquefied natural gas) will result in U.S. economic gains of $ 31 billion as well as the equivalent of 45,000 jobs, including 3,800 permanent.
The sources of growing energy demand:
- transportation
- power-generation
- industrial
- residential & commercial
The steps of the liquefaction process:
1 - natural gas goes into an inlet
2 - natural gas is treated
3 - natural gas is pre-cooled
4 - natural gas is cooled
5 - natural gas is stored & loaded
The transportation/mobilization process (getting the gas to the consumer):
- extraction of gas
- changing gas to liquid
(a chilly -260 degrees which makes the entire process cost-effective)
- transport
- receiving and regasification
- deliver to consumer
Our sources for gas have doubled since 2000 and it is predicted that the demand will triple by 2040!
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