Gas exports from the US to Europe could increase
The US will start some operations in its regasification infrastructure in order to increase gas exports to Europe
The United States could start exporting gas to Europe, which will start the acceleration of some operations in terms of regasification infrastructure to increase the volume of sales.
According to data from Gasindustrial, the price of LNG that arrives from the United States to Spain is paid 40% more expensive than that received from Russia. Specifically, US gas cost an average of 53.88 euros/MWh; while the one from Russia did so at 38.42 euros/MWh.
There are currently seven major export facilities in the United States. Sabine Pass of Cheniere Energy in Louisiana; Cove Point Liquefaction in Maryland, now operated by Berkshire Hathaway; Corpus Christi Liquefaction, of Cheniere, Texas; Cameron LNG, of Sempra Energy, in Louisiana; Elba Liquefaction of Kinder Morgan in Georgia; Freeport LNG, in Texas and Calcasieu Pass, from Venture Global.
Cheniere Partners, owner of the Sabine Pass LNG terminal, has put its sixth liquefaction train into operation. At the same time, Venture Global’s Calcasieu Pass plant also began supplying LNG, and last December the company and Louisiana Governor John Bel Edwards announced that an additional $10 billion will be invested to develop a new CP2 LNG facility.
On the other hand, and in the midst of tensions between Russia and Ukraine, it is worth noting that the Polish company PGNiG has already purchased a shipment of US LNG ready for supply at the Ukrainian border to ERU Europe. This is the second time that gas from the American country is supplied to Ukraine through an agreement between the two companies.
Source: doblellave.com
