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LNG is not the same as natural gas. Europe doesn't get its natural gas from Russia in LNG form, it's just normal gas pipeline. LNG is used to ship natural gas
by martinald 5y ago
LNG is not the same as natural gas. Europe doesn't get its natural gas from Russia in LNG form, it's just normal gas pipeline.
LNG is used to ship natural gas on boats, basically.
- dcchambers 5y agoRight, corrected!
- moonchrome 5y agoAnd there's 0 chance any LNG terminals get built as a response to this situation by the next winter - especially in Europe. Building a terminal near here was on the order of a decade with all the planning, and a lot of protesting form people in the region (you are building a port for liquified natural gas after all). Even if they decide to build additional capacity the last thing you want to do is cut corners.
- Spooky23 5y agoAlso, pipeline capacity to Boston, one of the bigger LNG ports in the east coast was blocked by environmental activists. Makes me wonder if the post-Fukushima hysteria that inspired German nuclear shutdowns and at least one major US nuclear reactor was influenced from abroad.
- PeterisP 5y agoI was under the impression that quite some LNG terminal capacity was already built but was not fully used as Russian gas was cheaper.
- abalashov 5y agoI was under that impression as well. But I believe in a form of Efficient Analyst Hypothesis where, if this LNG terminal capacity were in any way significant, it would have surely been mentioned in industry circles and press. ;-)