Author Topic: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.  (Read 647 times)

Offline patentlymn

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Re: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.
« Reply #15 on: May 05, 2019, 04:38:19 PM »
maybe I was wrong. Nordtream pipeline is 1,222 km long.

Its generally considered that any distance longer than 3500 km overland or 600 km offshore, pipelines are more expensive than LNG. LNG is very capital intensive to produce as you need large, expensive LNG liquefaction plants in order to make Natural Gas a liquid. In a sense, they are giant refrigerators.

The link below is from 2016. I guess the price comparison is complicated.
https://oilprice.com/Energy/Gas-Prices/Gazprom-Braces-For-Gas-Price-War-With-US-LNG.html
...
Gazprom’s cost to export gas to Europe stands at $3.50 per million Btu (MMBtu), according to figures from OIES. That easily undercuts the cost of landing LNG in Europe from the U.S., which OIES says costs American exporters $4.30/MMBtu. Even that is probably generous – other estimates peg U.S. LNG export costs to Europe at somewhere around $5/MMBtu for liquefaction and transportation, plus the cost of procuring the gas from U.S. gasfields, which today runs a little bit above $2/MMBtu.

The OIES report studies several scenarios facing Gazprom and finds that flooding the market with gas, while depressing prices, will result in more revenues for the gas giant over the next several years. By pushing prices down below the short run marginal cost of production for U.S. LNG, Russia could protect its customer base and make up for lost revenues by holding onto market share. Sitting back and not waging a price war, on the other hand, would result in $25 to $40 billion less in revenues over the next five years for Gazprom as imported LNG makes inroads in Europe.

But the calculus is a bit more complicated than that. ....

Online Solar

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Re: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.
« Reply #16 on: May 05, 2019, 05:11:39 PM »
Once it hits the Mkt, the story changes. That's why we have contracts because prices spike, they drop, contracts guarantee price control regardless.
Wars, embargoes, new sources, they all impact pricing, so a two year contract is a guarantee and allows Mkts to stabilize.

Spot Prices


https://www.eia.gov/naturalgas/weekly/archivenew_ngwu/2019/04_25/
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Online taxed

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Re: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.
« Reply #17 on: May 05, 2019, 07:58:25 PM »
Remember when Trump went to Some EU meeting back a year or so ago and chastized them on a number 0f issues like for not paying up on NATO, then made the deal to sell them more LNG undercutting Russian prices? All the idiot msm focused on was how Trump alienated our European allies and continued the russian puppet BS....proving again what liars and fools they are

 :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

I loved that....

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Offline patentlymn

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Re: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.
« Reply #18 on: May 06, 2019, 10:36:53 AM »

If Germany wants to be dependent on Russian gas so be it.
Germany is destroying their own electrical capacity in favor or wind and solar. Their problem, not ours.  If they freeze in the dark that will be a good example to DeBlasio and AOC.

Also, did I read that the US does not have any LNG tankers? Some story said that Boston could not import LNG from the US because of the Jones Act. They import LNG from foreign countries using forign LNG tankers.

Offline Walter Josh

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Re: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.
« Reply #19 on: May 06, 2019, 10:55:03 AM »
If Germany wants to be dependent on Russian gas so be it.
Germany is destroying their own electrical capacity in favor or wind and solar. Their problem, not ours.  If they freeze in the dark that will be a good example to DeBlasio and AOC.

Also, did I read that the US does not have any LNG tankers? Some story said that Boston could not import LNG from the US because of the Jones Act. They import LNG from foreign countries using forign LNG tankers.
-----------------------------------
An observation.
Germany has never been dependent on Russia for anything;
having thrashed them militarily in 1914 and again in 1939,
while continually dominating them economically.
Germany and most of Europe is in a down cycle currently due
to buffoons such as Merkel, Macron, May and the rest, who are
their self labeled "leaders".
Hopefully that will change sooner rather than later.

Online Solar

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Re: EU Plans To Seek Double Imports Of Liquid Natural Gas From The U.S.
« Reply #20 on: May 06, 2019, 11:18:24 AM »
If Germany wants to be dependent on Russian gas so be it.
They don't want to be dependent, which is why they signed a contract with the US for LNG.

Quote
Germany is destroying their own electrical capacity in favor or wind and solar. Their problem, not ours.  If they freeze in the dark that will be a good example to DeBlasio and AOC.
Boggles the mind, doesn't it? Talk about self inflicted pain... :biggrin:

Quote
Also, did I read that the US does not have any LNG tankers? Some story said that Boston could not import LNG from the US because of the Jones Act. They import LNG from foreign countries using forign LNG tankers.
We do have LNG tankers, we just haven't built any new ones since the late 80s, and I don't see this as an issue, I see potential for new construction jobs. :thumbup:
Oh, and the reason it appears that we don't have any LNG Tankers, is because we allow a majority of our ships to register under other nations, so as not to be a target on the high seas. Anyway, that has always been the excuse, when in fact, registering under the US is far more costly.
Just another RINO sellout idea that made them money.
« Last Edit: May 06, 2019, 11:23:19 AM by Solar »
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