U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost – IOTW Report

U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost

ZeroHedge:

Europe cannot rely solely on imports of U.S. LNG to offset the pipeline gas supply it will have lost from Russia when it starts rebuilding inventories after the end of this winter, according to BloombergNEF.

So far this year, American LNG has been crucial in meeting demand in Europe, which is scrambling for gas supply and willing to pay up for spot deliveries, outbidding most of Asia.

The United States is shipping record volumes of LNG to Europe to help EU allies and nearly 70% of all American LNG exports were headed to Europe in September, according to Refinitiv Eikon data cited by Reuters.   more

15 Comments on U.S. LNG Cannot Replace The Russian Natural Gas That Europe Has Lost

  1. I don’t think many people realize how much energy is required to liquefy natural gas (or any gas). The abstract below suggests that 8% of the energy content of the gas is required just to liquefy it. That is huge. Then it has to be hauled half way around the world, etc.

    “Abstract
    Liquefied natural gas (LNG) plants are massive energy consumers. Practically about 8% of the feed gas to the LNG plants is consumed for the liquefaction. Most of the LNG plant energy consumption occurs in the compressor drivers where fuel energy (usually natural gas) is converted to mechanical work (or electricity in case of electrically driven compressors). Due to the energy consumption scale of the LNG plants, any enhancement to the energy efficiency of LNG plants will result in a significant reduction in gas consumption..”

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  2. Yep, U.S. residents get the shaft on this. What was that price hike last week or was it this week? 58%…? I don’t care if Libshits vote for these idiots/ideas, just stop making the rest of us pay for it…

    And to Winter and Russia, don’t forget the two most formidable Russian generals: January and February.

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