• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 2 hours Chicago Threatens To Condemn - Possibly Demolish - Churches Defying Lockdown
  • 17 mins Let’s Try This....
  • 19 mins COVID 19 May Be Less Deadly Than Flu Study Finds
  • 25 mins Would bashing China solve all the problems of the United States
  • 9 hours New Aussie "big batteries"
  • 4 hours 60 mph electric mopeds
  • 14 hours The CDC confirms remarkably low coronavirus death rate. Where is the media?
  • 5 hours China to Impose Dictatorship on Hong Kong
  • 5 hours Pompeo's Hong Kong
  • 10 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 1 day Nothing can shake AMLO’s fossil-fuel fixation
  • 10 hours Backlash Against Chinese
  • 1 day Iran's first oil tanker has arrived near Venezuela
James Stafford

James Stafford

James Stafford is the Editor of Oilprice.com

More Info

US LNG Exports … Who We Like

This is it … the US Department of Energy is expected to decide on US natural gas exports this summer, and President Barack Obama has already suggested that the US could become a net exporter by 2020. At stake immediately are over 24 applications for natural gas exports to companies in countries that do not enjoy free-trade agreements with the US.

America now enjoys record gas supplies with prices only 25% of those in Europe and Asia, and as it stands we’re probably looking at 25% growth in US gas supplies by 2035. The European spot price is around $10 per million B.T.U.'s, while the Asian spot price hovers around $15, or higher.

While US natural gas exports have doubled since 2007, those exports have gone only to Canada and Mexico … we’re convinced that is about to change, and we might be only weeks away from a decision.

Check out these new markets:

Europe

With the exception of Norway and Demark, European countries are all net energy importers. Italy is the biggest importer—at about 75%, followed by Germany (50%), and France (40%, despite its nuclear prowess, just to top off the list. Europe’s economic growth, then, could actually hinge on getting its hands on cheap US natural gas.  Never has it been more urgent for Europe to replace Russian gas and its high prices fixed to the price of oil with something more feasible economically—something that would make Europe less vulnerable. And here’s…




Oilprice - The No. 1 Source for Oil & Energy News