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European countries are preparing for (energy) rationing. Record heat does not help either. Consumers in neighboring countries, like Norway, are experiencing al
by TrackerFF 4y ago
European countries are preparing for (energy) rationing. Record heat does not help either.
Consumers in neighboring countries, like Norway, are experiencing almost 100-fold increases in energy prices as a lot of energy is being exported. I'd be amazed if American energy firms aren't exporting LNG hand over fist to EU countries, as the situation is as dire as ever.
- cbanek 4y agoSadly there have been some problems at the export terminals for LNG to Europe. That's caused the price of natural gas to go down a lot in the US and up in Europe. Yet another displacement. https://www.npr.org/2022/06/10/1104118546/freeport-natural-gas-terminal-texas-explosion-offline-shutdown https://www.npr.org/2022/06/10/1104118546/freeport-natural-g...
- akg_67 4y ago> I'd be amazed if American energy firms aren't exporting LNG hand over fist to EU countries, as the situation is as dire as ever. Unfortunately, Freeport LNG terminal, the 2nd largest terminal in country, had fire and not expected to be fully operational until early next year. So even if US can produce more natural gas, they just don't have enough available capacity to export. https://www.reuters.com/business/energy/us-regulator-finds-unsafe-conditions-freeport-lng-export-facility-bars-restart-2022-06-30/ https://www.reuters.com/business/energy/us-regulator-finds-u...
- volkl48 4y agoShort-term at least, the US is relatively limited on LNG export capacity (and the facility that had an equipment failure basically cancels out the projected increases for this year until it's fixed). https://www.eia.gov/todayinenergy/detail.php?id=50598 https://www.eia.gov/todayinenergy/detail.php?id=50598 AFAIK there's not exactly an abundance of idle ships to transport LNG either.