Obama Seen Ruling on LNG Export This Year

[boutons_deux]

France used to buy lots of LNG from Libya,

"France:

France – with 4 LNG import terminals with (currently) a total capacity of 34.65 bcm/y – was Europe’s biggest importer of LNG in the first quarter of 2019.

The French wholesale market is less liquid than some of the neighbouring North West European gas markets,

but France nonetheless managed to attract some of the additional LNG volumes coming to Europe in part because of the long-term trans-shipment deals in place between Yamal LNG’s offtakers and France’s Montoir de Bretagne terminal which have resulted in LNG volumes destined for Asia actually remaining in France.

https://www.energylegalblog.com/blog...-country-focus

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and now it looks like Libya has finally recovered from the fall of Khadhafi

https://www.ceicdata.com/en/indicator/libya/natural-gas-exports#:~:text=Libya's%20Natural%20Gas%3A%20Expor ts%20was,m%20mn%20for%20Dec%202018.

I think Macron was just pissing off Trash by refusing US LNG.

[Winehole23]

compe ion is hard

luckily, we're the USA and can "convince" other countries to buy on unfavorable terms

as one does in "the free market"

U.S. gas is in a tricky economic situation as it is. As exports have surged, the short-run marginal costs for exporting to one of its key target markets—Asia—have risen by 65 percent since this time last year, amid rising transportation and oil prices. Given how costly American LNG is relative to LNG from other providers like Qatar, it could struggle in Asia, in particular, over the next several years, regardless of what new climate rules stick.


Other projects have already been canceled. In March, Annova LNG announced that it was abandoning its proposed export facility in South Texas’s Brownsville Ship Channel, citing “changes in the Global LNG market.” “Without pressure from the administration on emerging markets to guarantee purchases of U.S. gas, exporters might have to navigate the compe ive market environment at their own risk,” Sam Reynolds and Melissa Brown of International Energy Economics and Financial Analysis, or IEEFA, wrote in a recent report.

https://newrepublic.com/article/1629...-energy-alaska

[Winehole23]

The USA has rapidly become the world’s biggest exporter of liquefied natural gas (LNG), tied with Qatar. Europe replaced Asia as the top market for US LNG in 2022, boycotting cheaper Russian energy over the proxy war in Ukraine.

https://geopoliticaleconomy.com/2023...pe-russia-gas/