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The West is looking for ways to impose effective sanctions. Investing in increased trade between the US and Europe which also hits Russia seems like a promisin
by rectang 5y ago
The West is looking for ways to impose effective sanctions. Investing in increased trade between the US and Europe which also hits Russia seems like a promising approach.
Russia is obviously geographically closer than the US to Europe. Once an investment is made and the infrastructure built, to what extent could American natgas compete with Russian on price if there is a return to normalcy?
- adventured 5y agoUS exported LNG can't compete with pipeline gas from Russia on price, nor on volume. There is no answer, unfortunately, in US LNG exports to Europe. That's merely a very small bandaid on a serious energy wound. It's impossible to push US LNG exports high enough to offset the pipeline supply from Russia, no matter what we do. At best it can relieve a bit of the pricing pressure while Europe figures out something else (nuclear, bolstering their own natural gas production, increased renewables).