2 ms·
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 U
by 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.