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The US has incredible gas reserves. Much more that can be exported with ships.
by rapsey 3mo ago
The 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.