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The 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 a
by Tade0 3mo ago
The 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.