U.S. LNG FOR EUROPE ANEW
OGJ - Europe's natural gas market is evolving from politically driven projects to commercial agreements, and US suppliers will need to move more aggressively on those terms if they expect to be a substantive part of it, speakers suggested at a Mar. 20 conference. "US suppliers have an opportunity to step in now and line up customers when prices are low. The biggest question is who will take the strategic risk," said Mindaugus Jusius, chief executive at AB Klaipedos Nafta, Lithuania's state oil products and gas terminal company.
"The US government did its part to start reforming policies, but US gas is owned by companies which need to start moving the conversation about liquefied natural gas in Europe from political to commercial terms," added Amos J. Hochstein, senior vice-president for marketing at Tellurian Inc. in Houston, during the discussion on expanding global gas infrastructure hosted by LNG Allies and Our Energy Moment.
Hochstein added, however, that it will be necessary for the US, as well as Europe, to increase its gas pipeline capacity because Permian basin production associated with crude oil has risen so dramatically. "It's at a critical point; $150 billion of new infrastructure will be needed domestically. With all the growth in the Permian, there's not capacity to ship gas to Louisiana," Hochstein said. "If governments in both the US and Europe aren't willing to put infrastructure in place, real progress won't be made."
-----
Earlier:
2018, March, 21, 12:35:00
RUSSIAN GAS TO ITALIA: +99%GAZPROM - The Italian Republic is currently the third-largest importer of Russian gas. According to preliminary data, Russia’s gas exports to Italy grew by 99 per cent in March 1–19, 2018, compared to the same period of last year. |
2018, March, 19, 08:15:00
THE BEST RUSSIAN GASBLOOMBERG - “Should the statements become a reality regarding alternative sources for gas instead of Russia, that will damage first and foremost the consumers,” Novak said in a Bloomberg television interview in Moscow. “Should any company or country opt for another supplier, I don’t think that condition will be that preferential and beneficial for them."
|
2018, March, 14, 11:35:00
NORD STREAM NIGHTMARES U.S.OGJ - Sandra Oudkirk, deputy assistant secretary for energy diplomacy at the US Department of State’s Bureau of Energy Resources, said Nord Stream 2 matters to the US because it would cement a transportation system in place that could perpetuate dependence on Russian gas for some key US allies. “It would not increase the amount of gas coming into Europe, only replace volumes that now are being transported through Ukraine,” she said.
|
2018, February, 27, 14:10:00
RUSSIAN GAS FOR AUSTRIA UPGAZPROM - In early 2018, the demand for gas is still on the rise in the country. According to estimates, from January 1 through February 21, 2018, Gazprom delivered to Austria 1.8 billion cubic meters of gas, a rise of 60.6 per cent against the same period of 2017 (1.1 billion cubic meters). |
2018, February, 12, 07:35:00
GAS SHORTAGE FOR EUROPEREUTERS - “Europe completely miscalculated when they assumed that they won’t need much additional gas and if they need some it can be supplied from outside Russia,” Medvedev, who looks after exports for the world’s top gas producer and exporter, said. |
2018, January, 29, 08:30:00
U.S. WANT RUSSIA'S MARKET SHAREBLOOMBERG - The expansion of Russia’s gas pipeline to Germany under the Baltic Sea, which bypasses a number of east European nations, will allow the Kremlin to use energy as a “political tool,” U.S. Secretary of State Rex Tillerson said in Warsaw.
|
2017, August, 31, 12:15:00
U.S. LNG FOR EUROPE - 4Last week, U.S. liquefied natural gas (LNG) made its way to the somewhat unlikely market of Lithuania. The former Soviet republic traditionally bought its gas from Russian state company Gazprom; this was its first shipment from the United States. For President Donald Trump, that must have been a gratifying sign of the success of his administration’s nascent energy diplomacy. |