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but LNG exports from the US are going to remain marginal, or will suffer fro ma massive political backlash as they lead to increased prices domestically.

Prices for gas in the US have been exceptionally low lately, due to a combination of really weak demand from the recession and a burst of production from fields where investment took place during the high price years and which are selling gas at marginal cost today (which are largely unsustainable in the medium term). The volumes from shale gas are not so big as to allow for a lot of exports before you run into serious price hikes.

So the early LNG export projects will make a killing, but not many will be built in the end. The people really making money are those that had contracts to export LNG to the US and have the physical capacity to turn these cargo to Europe or Asia (i.e. the contractual right to send the gas elsewhere on a spot basis and share the profits with the US importer, and the availability of LNG tankers to do so).

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sun Jul 1st, 2012 at 06:23:24 AM EST
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