4 ms·

>You have to add on the 34 bcms to the 45 bcms for a total of 79 billion cubic meters expected to be exported to Europe in 2022. The 34 was already being expor

>You have to add on the 34 bcms to the 45 bcms for a total of 79 billion cubic meters expected to be exported to Europe in 2022. The 34 was already being exported so it's sort of disingenuous to add it in terms of supply/demand impact. >Costs of LNG export are also higher, but I imagine the profit return on those European sales is about as large as their total profit on all domestic USA sales (and note domestic prices have doubled as well). Now you're making assumptions. >So, if Europe's not going to get gas from Russia, who does that leave? Transitioning to clean energy, nuclear, etc. >These dots are not that hard to connect. Thank you for finally not beating around the bush on what your actual point and angle are.

photochemsyn 4y ago
Well, the amount the US is expected to send to Europe in 2022 is at least 79 billion cubic meters. The price differential relative to selling that gas in the US @ ~$4 per mmBTU (pre-inflation 2021) vs in Europe @ $34 per mmBTU (post-inflation 2022), where 1 bcm = ~36 million mmBTU is what? I get an addition $85 billion in gross revenue relative to selling that gas domestically (where there was a supply glut). Even if you just add on the excess shipped to Europe relative to 2021, that's at least an additional $40 billion. Add on the ~doubling of domestic gas prices from 2021 to 2022 which is for that 827 bcm used domestically, hmm... roughly another additional $60 billion in revenue. So, the Ukraine war has brought a windfall revenue gain to US gas producers on the order of $100 billion for 2022, right? As far as agenda, mostly I'm interested in accurate information.