18.04.2022, 11:17
FT Said Who Benefits from the EU's Refusal of Russian Gas
Source: OREANDA-NEWS
OREANDA-NEWS. Europe's goal to reduce dependence on Russian gas is beneficial for US LNG exporters. It is reported by TASS with reference to the Financial Times.
According to the newspaper, the United States is the world's largest producer of LNG: the total capacity for its production is 120 billion cubic meters per year, and by 2025 it is expected to launch three plants with the production of an additional 70 billion cubic meters.
Meanwhile, rising prices for gas itself and for the construction of LNG facilities, as well as global efforts to phase out the use of hydrocarbons in the climate sphere, could deal a blow to US expectations in realizing these ambitions, according to the FT.
As former US Secretary of Energy Dan Brouillette said, "In the last three or four weeks, everyone has felt a huge upsurge," and European attitudes towards American fossil fuels have changed. Europe is recognizing they need LNG instead of assuming they can only get out of an energy crisis with renewable energy, Michael Smith, director of Texas Freeport LNG project Michael Smith, said. .
In connection with the start of the special operation of the Russian Federation in Ukraine, a number of countries have imposed sanctions against Russia. Europe began to prepare for the gradual abandonment of dependence on Russian gas.
According to the newspaper, the United States is the world's largest producer of LNG: the total capacity for its production is 120 billion cubic meters per year, and by 2025 it is expected to launch three plants with the production of an additional 70 billion cubic meters.
Meanwhile, rising prices for gas itself and for the construction of LNG facilities, as well as global efforts to phase out the use of hydrocarbons in the climate sphere, could deal a blow to US expectations in realizing these ambitions, according to the FT.
As former US Secretary of Energy Dan Brouillette said, "In the last three or four weeks, everyone has felt a huge upsurge," and European attitudes towards American fossil fuels have changed. Europe is recognizing they need LNG instead of assuming they can only get out of an energy crisis with renewable energy, Michael Smith, director of Texas Freeport LNG project Michael Smith, said. .
In connection with the start of the special operation of the Russian Federation in Ukraine, a number of countries have imposed sanctions against Russia. Europe began to prepare for the gradual abandonment of dependence on Russian gas.
Комментарии