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You know, all these ships, terminals and people around it are not for free. That "little markup" means than many European industries would be dead. They litera
by vetinari 9y ago
You know, all these ships, terminals and people around it are not for free.
That "little markup" means than many European industries would be dead. They literally cannot afford it.
- philipkglass 9y agoAny European industries that would be killed by gas imports running at $6/MBtu died years ago. As recently as 2013, imported gas prices peaked over $12 and spent the whole year above $11: https://ycharts.com/indicators/europe_natural_gas_price https://ycharts.com/indicators/europe_natural_gas_price Of course no industry is going to voluntarily pay more for fuel than it must. If gas imports from the US to Europe stay around $6, there is little direct benefit at present, but it provides competition to ensure that import prices won't rise to such high levels again.