US LNG exports unlikely to compete in Europe
With the first LNG shipment from the US now delivered, the sustainability of the country’s export model has come under scrutiny With the first LNG shipment from the US now delivered, the sustainability of the country’s export model has come under scrutiny.
17 March 2016
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Cameron LNG project. (Sempra)
Europe has often been touted as a natural home for American LNG given the EU’s concerns about energy security and its dependence on pipeline flows from Russia. However, the fall in oil and gas prices has made US LNG unattractive to European buyers. Significantly, the first cargo from Cheniere Energy’s Sabine Pass plant was sold to Brazil, and future shipments look set to head to Turkey, South America, the Middle East and Asia.
When global oil and gas prices were high, Henry Hub-based pricing had a...
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