3 ms·
As an (eastern) European this is to me a greater concern than the Russian invasion in terms of availability of gas for the winter, considering how so many of th
by Tade0 3mo ago
As an (eastern) European this is to me a greater concern than the Russian invasion in terms of availability of gas for the winter, considering how so many of those places run on gas turbines.
Putin only has a certain amount of the resource on tap and sells it to someone eventually. Meanwhile data centers will eat up whatever you throw at them at any price, especially that in principle they don't need to be connected to the grid, so I imagine setting up their power supply must take months at the longest.
- rapsey 3mo agoThe US has incredible gas reserves. Much more that can be exported with ships.
- Tade0 3mo agoThe issue is with the price - why bother shipping LNG half the planet when one can just sell it at a significant markup domestically? When the price is right all kinds of contracts and agreements are usually thrown out the window - especially if the penalties are small enough to make it worth it.
- rapsey 3mo agoNo they can not sell it with a markup domestically. LNG price is much higher.
- Tade0 3mo agoThat's the point - a huge part of the cost of LNG is the "L". Way easier to just sell it closer to home and not bother with transporting it in a tanker which has to return empty. Demand is clearly there and not somewhere else.
- rapsey 3mo agoSupply domestically outstrips demand, so no they can not sell it locally at that price. The US did not spend billions building LNG terminals for nothing.