6 thoughts on “Euro Energy Crunch Fuels US LNG Revival”
US politicians are advocating banning oil exports (as the US has done in the past) to keep US gasoline prices down. They might do the same for NG in the future. Countries may be wary of becoming dependent on US NG.
US politicians are advocating banning oil exports (as the US has done in the past) to keep US gasoline prices down. They might do the same for NG in the future. Countries may be wary of becoming dependent on US NG.
Oh, there’s a way to ensure “adequate supply”: US politicians get more political traction out of banning exports than from supporting allies.
Maybe than a two year blip up in sales. Show me new investment in increased NG exporting infrastructure expected to be used for forty years.
The Gorgon Project in Australia, completed in 2017, has a projected life of over 40 years:
https://australia.chevron.com/our-businesses/gorgon-project
New LNG plans:
https://www.lngindustry.com/tag/current-lng-projects/
They don’t build these things unless they think there is at least a 20-30 year return.
Well that’s one…
https://cms.ferc.gov/media/north-american-lng-export-terminals-existing-approved-not-yet-built-and-proposed-2
The second map shows 4 approved and under construction (and an additional 13 approved, but no construction started).
[I think Sabine Pass may be planning on 40 years, but the Gulf of Mexico will have completely surrounded the facility by then.]