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The article says nothing about the cost of shipping gas across the globe. It only says 44% of exports are by pipeline. If shipping makes it an order of magnitu
by nroets 3y ago
The article says nothing about the cost of shipping gas across the globe. It only says 44% of exports are by pipeline.
If shipping makes it an order of magnitude more expensive, then there is no global price.
- defrost 3y agoOrder of magnitude? Large (not ultra large) oil tankers might carry 200,000 tonnes and consume 25 ton of heavy bunker fuel per day. LNG gas carriers equally have their own stats. This is something you can (or at the very least should be able to) back of envelope estimate ... https://www.planete-energies.com/en/media/article/transporting-oil-sea https://www.planete-energies.com/en/media/article/transporti... https://en.wikipedia.org/wiki/W%C3%A4rtsil%C3%A4-Sulzer_RTA96-C https://en.wikipedia.org/wiki/W%C3%A4rtsil%C3%A4-Sulzer_RTA9... Now you just need mean trip times, profit margin, etc. and you're away. Order of magnitude addition to costs, though, sounds a little extreme.
- pama 3y agoOnce the pipe is built, the maintenance cost is very low, much lower than maintaining and using a tanker.
- sundaeofshock 3y ago“Europe remained the main destination for U.S. LNG exports in December, with 5.43 MT, or just over 61%. In November, 68% of U.S. LNG exports were to Europe, LSEG data showed.” Of course there is a global market for all fossil fuels. https://www.reuters.com/business/energy/us-was-top-lng-exporter-2023-hit-record-levels-2024-01-02/#:~:text=Europe%20remained%20the%20main%20destination,to%20Europe%2C%20LSEG%20data%20showed https://www.reuters.com/business/energy/us-was-top-lng-expor....