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It is a strong incentive for the US to sell and ship LNG to the EU.
by cr1895 5y ago
It is a strong incentive for the US to sell and ship LNG to the EU.
- anamax 5y agoThe US had a strong incentive, but the Euros preferred "not US" suppliers. Then the US decided that it didn't want to be in the energy exporting business.
- bcrosby95 5y agoBetter to keep the energy at home for a rainy day and deplete the natural resources of other countries.
- sonicggg 5y agoI don't think that's the main reason for the US to be opposing it though. American LNG is already allocated 100% at this time. Besides, you need very expensive port infrastructure as well to support it, not many EU ports have that capability. If they are looking for new energy sources, it will need something more efficient. Can't rely on LNG.
- vba616 5y ago>American LNG is already allocated 100% at this time Energy supply and demand isn't very elastic, but nothing's absolute, right? You could guess that without any specific knowledge and find the articles. I'm seeing headlines like "In Extreme LNG Market, Cheniere Finds More LNG to Sell and Dramatically Boosts 2022 Estimates Again" P.S. the following says "Train 6" (liquefaction units) came online February 4, 2022: https://www.cheniere.com/where-we-work/sabine-pass https://www.cheniere.com/where-we-work/sabine-pass