Guest “I do not think that word, powerhouse, means what you think it means” by David Middleton
Germany Poised to Become LNG Powerhouse With Law to Cut Red Tape
Legislation set to cut approval time for import terminals
Nation is among EU states seeking to reduce reliance on Russia
By Vanessa Dezem, Arne Delfs, and Anna Shiryaevskaya
May 10, 2022
Germany is set to become a liquefied natural gas powerhouse within a year as it fast-tracks new import terminals to slash its dependence on Russian fuel.
Germany’s Federal Cabinet gave the green light to draft legislation to cut the approval process for such facilities to a 10th of the usual time. The government is planning four floating terminals, allowing it to replace at least 70% of Russian gas imports and marking a significant u-turn in energy policy after years of resisting costlier U.S. LNG.
Germany has long snubbed American LNG — touted as “freedom gas” by the Trump administration — miring past efforts to build terminals in lengthy bureaucracy. Its buyers have favored cheaper pipeline supplies, while the government has been concerned that bringing in U.S. cargoes — the product of fracking — might harm its environmental credentials.
How does importing more than 80% of your natural gas qualify as a “powerhouse,” irrespective of the sources and nature of the imported gas?
This is what “poised to become LNG powerhouse” looks like:
DECEMBER 9, 2021
U.S. liquefied natural gas export capacity will be world’s largest by end of 2022
U.S. liquefied natural gas (LNG) export capacity has grown rapidly since the Lower 48 states first began exporting LNG in February 2016. In 2019, the United States became the world’s third-largest LNG exporter, behind Australia and Qatar. Once the new LNG liquefaction units, called trains, at Sabine Pass and Calcasieu Pass in Louisiana are placed in service by the end of 2022, the United States will have the world’s largest LNG export capacity.
“Poorhouse”. Germany is destined to become an LNG Poorhouse.
Unfortunately for their people, there is NO FRACKING WAY Germany is willing to do what needs to be done to gain energy independence from the Whims of Putin. Just look at how much their domestic production has dropped…(hint it’s almost a 50% reduction from 2010 levels)
Germany is already a LNG, natural gas and oil bitch, basically has to put up with whatever the going rate is.
Nevermind it’s vast coal reserves or its technical smarts with nuclear.
Just one letter. So close…
Making the switch from a monopoly supplier to multiple suppliers (via the global LNG trade) will have a huge effect on German gas prices in the medium term.
I think anything that reduces the revenues (both price and volume) to Putin is probably a huge net plus for the world.
Interesting spin, but it will only be a benefit for the people who survive the short term.
Pushing an on the brink world into a global depression to protest a regional skirmish in a historically disputed area heavily corrupted by the deeply corrupt one world GOVERNMENT crowd?
Makes sense to whom, benefits whom?
Net gain to whom?
Russia will sell their energy regardless. .
I do not understand your comment.
Nat gas previously hit $110/MMBTU this year in Germany. Russia could charge that amount because Germany could not let little old ladies freeze to death.
Reducing that price helps Germany (and the world) avoid a huge depression.
I agree that Russia will be able to sell their nat gas into the world market. However, I think them selling at a much reduced price helps consumers around the world and lowers revenues to a bad actor on the world stage.
I think that benefits almost everyone.
I was not aware that Russia was a monopoly supplier, as it is a global market and not a Russian monopoly.
Makes senses to anyone who is not a Russian troll
Lrp, I am quite open minded to discuss or be enlightened on any of this.
I know the US Bio labs were very likely GOF research.
I know the Biden administration was / is extremely corrupt, specifically in Ukraine.
This is the Russian position. Please read it and tell me where it is true and untrue.Some Ukraine / Russia BackstoryBut calling anyone who is against US involvement in this foreign war “Russian” troll, is simply silly.
David people still believe US propaganda and it’s all Russia:)
Don’t get too excited about virtue signaling Nord Stream II being shut down, and how that will teach Putin a lesson.
Arctic LNG 2 partners conclude 20-year LNG purchase deals
The older I get, the more I’m convinced that “journalists” and the main stream media haven’t the foggiest idea in hell what they’re yammering about roughly 99% of the time.
As much as they claim to be doing a public service, I am more and more convinced that they do far more harm than good. Their spread of gossip, inaccuracies and misinformation far outweighs anything they do that benefits society.
“If I had my choice I would kill every reporter in the world, but I am sure we would be getting reports from Hell before breakfast.”
William Tecumseh Sherman
My wife and I have a friend who was once chairman of the Communications Department of a large Virginia university. His department included the School of Journalism. Some years ago while chatting, he said that the of all the Departments and Schools in the University, the students in the School of Journalism were the least capable, the least intelligent and the least motivated of all. And here we are.
And unlike 50 years ago they all want to save the world.
In the USA, about 90% of new-borns are sentenced to attend public schools. The recommended sentence is now 14 years with a minimum of 10 years. Very few kids get time off for ‘good behavior’.
Throughout this time of incarceration they are primarily indoctrinated to ‘make a change’, and to ‘make a difference’. They are told that the change they make, no matter how small, will make their lives worthwhile.
The ‘save the world’ concept is generally not pushed as hard, as it is would be seen as an impossible goal.
And since it is easier to tear something down (to make a difference), than build or make an improvement, the changes they make are geared toward harm.
They must not have had an ‘El Ed’ department then.
Most people leverage their level of smarts into the best paying & most interesting job they
can get, with the peck order being medicine, law, science & engineering, & business. The
rest who aren’t smart enough to do them get into journalism. The cherry on top is that they
were taught liberal principles that don’t work. That explains why the talking heads at CNN,
PMSNBC, the BeeB, etc., & the writers at the Grauniad, NYT, WaPo,Science, etc. are as
half-baked as they are. The fact they hang with liberal politicians- aka thieves & gangsters-
only makes it worse!
I think “business” comes before “science & engineering”, unfortunately.
My doctor calls lawyers “the revenge of the ‘C’ students”.
Most Doctors were ‘B’ students who were willing to put in the leg work.
You’re right. They’re smart enough to know it’s much easier
to hire a scientist/engineer than become one themselves! 😉
Don’t forget education. Back in the early ’60s the school of last resort was the education department. If you were flunking out anywhere else you could always transfer your major to education. And, that’s who have trained the last few generations. While there are still some very smart and dedicated teachers around their numbers are dwindling.
My Alma Mater had a top J-School when I attended and I was very interested in attending. I just couldn’t get past the progressive mindset of the faculty and other students.
In some ways that’s a pity. I won an award as a student journalist in high school and I’m still interested in becoming a writer.
They publish the truth, occasionally, by accident.
Typos or autofill sometimes happens.
the truth as they know it
No, often the truth as they wish it were.
I remember reading an article (2008say) about fracking and why it wasn’t financially sound. It was in the NY Times and quite long. I spent a career connected with the oil & gas industry and thought this guy doesn’t have a clue about the industry.
Mr. McHenry: Was the author, by any chance, named “bob”?
“The older I get, the more I’m convinced that “journalists” and the main stream media haven’t the foggiest idea in hell what they’re yammering about roughly 99% of the time.”
May not 99% of the time, but half the time at least.
I snicker a little every time I hear someone in the MSM talk about “climate change” and “gobal warming” and the supposed need to act on it and mitigate it. They seem to have completely forgotten that there are natural drivers of climate at work here as well. Is the climate supposed to stop changing if and when net zero is fully implemented? How do we stop the natural drivers of climate, especially since science still has a lot to learn about them?
Since most journalists are not scientifically literate, I suppose this is to be expected. Thus we see them talk about climate change as though CO2 and other human-emitted GHG’s are all that matter. If the CAGW narrative provides the MSM with confirmation bias for their preconceived beliefs, I doubt that anything else about a constantly changing climate will matter to them anyway.
That’s one of the best quotes I’ve seen lately about the main stream media – including the NY Times, Washington Post, ABC,NBC, CBS, CNN, MSNBC, BBC, and sometimes FOX News!!
Yes, 99% regarding climate change, global warming and energy policy.
Most media seem like press releases without answering the obvious who/what/when/where/why/how questions, nevermind going more in depth to explore unforseen issues.
“Journalism: a profession whose business it is to explain to others what it personally does not understand.” – Alfred Harmsworth
Every experience I’ve personally had is that the “journalist” made up a major portion of the story from whole cloth even though the facts were readily available.
Churnalism’s been hollowed-out as readership and advertising levels have collapsed over the years.
Now, it’s all syndicating press releases by meeja studies types.
Worse, their ‘funding’ mostly comes from Big Pharma and other pressure groups.
It’s why we so desperately need sites such as this one.
Frankly, the MSM is public enemy #1, and now includes the WSJ news section and part of their opinion section as well. They no longer even attempt to hide their bias and those on the left just eat it up and repeat the lies told to them by the MSM. I forget which founding father stated that the survival of our republic will be dependent on an educated populace – I fear that the populace suffers from mass formation psychosis WRT the scamdemic and climate change if they pay any attention and are otherwise simply ignorant. The “man on the street” interviews may be comical, but in reality, they are frightening.
Mean while in the UK: “Although UK gas prices are also rising it is reported Britain has an “unprecedented glut of liquefied natural gas”, that gas which is shipped in from the U.S. and Middle East.
It is offloaded at British ports in liquid form, gasified, and then sent to Europe via interconnected pipelines. Demand for gas in Britain has dropped with warmer weather and there is not enough pipeline capacity to transport all the gas that has arrived in the country to mainland Europe where it is needed.”
You can’t make it up really can you?
NBP gas has fallen from a high of over 500 pence/therm to its current 160 pence/therm.
Nevertheless, NBP gas is still more than 2½× higher than it was a year ago.
That’s “LNG Imports for Domestic Consumption Powerhouse.
But hasn’t the Prez stopped a lot of potential production and ensured ever more soaring prices?
“Biden Maladministration Cancels Oil & Gas Lease Sales, While Demanding More Oil Production”
Er, yes he has.
I hope they can build LNG carriers quickly enough to meet this new world wide demand.
Looks like lots of ship yards are booked up already:
Germany’s an LNG powerhouse in the same sense that the US is a ‘brightly colored plastic crap from China’ powerhouse.
Mr. Frank: I agree with MR. M., an excellent comparison.
So suddenly its 10 times faster to get a permit to build necessary infrastructure. Why wasn’t this done years ago then? Just another example of how government actively worked against people rather than for them. They can now appear to be doing something to solve a problem by merely removing the obstacles they themselves created. Madness.
Expecting a journalist to understand the relationship of carts to horses is hopeless but calling someone who is dependent on others a powerhouse really requires a strongly disfunction thought process.
Mr. Dave: Your question “why wasn’t this done ten years ago?”, is a good one. Ten years ago (ten minutes ago) the highest priority was to end the use of oil and NG “for the good of all.” The idea to do what is good for all, who could object to that??
It wasn’t done earlier because Russian pipeline gas was almost always at least somewhat cheaper than LNG.
The article I quoted earlier regarding the pound sterling gas price also said that the UK was woefully short of gas storage capacity. It re-enforces my belief that politicians need to be scrutinized carefully and often because they are incapable of look forward past their next reelection (unless they are Tony Blair who is a narcissist with a Messiah complex who believed he was a political god.) Energy companies aren’t interested in storage capacity, they will just charge what the going rate is at that moment. Governments should plan ahead and have that “save for a rainy day” mentality.
“ Governments should plan ahead and have that “save for a rainy day” mentality.” Damn! It hurts when I laugh.
When one billion cu ft of NG is leaving port how many cu ft were required to get it to that point? What is the efficiency of this process?
Great, so now Germany wants to pass legislation stopping some of that massive amount of red tape binding up LNG terminal siting. Nothing like getting the terminals actually built. This on the eve of an epic energy shortage.
Does the phrase “Too little, too late”, sound familiar???
Meanwhile “Back at the ranch”…….
The US is building export terminals bringing export capacity to a record high.
What will they be used for, I wonder.
The current administration is using every tool at the disposal of the federal leviathan to halt all three of production, drilling, exploration. Wherever and whenever they can. Shortages loom in our future as well. The US is not going to be in any position to bail anybody out.
“The European Commission is considering removing the ban on Russian oil from the latest round of sanctions due to opposition from Budapest.
After significant protests, landlocked Hungary and Slovakia, which are reliant on deliveries from Russia via pipelines, were offered until the end of 2024 to make the transition, while the Czech Republic was given until June that year to comply.”
By 2024 Vlad the Terrible will be 6ft under from anthropogenic or natural causes.
World has learned a bitter collateral damage lesson during Ukrainian war that ‘net zero’ has a zero value.
Ukraine war is going to slowly subside into local conflicts of kind that were going on since 2014. Russian sanctions will not be lifted but Slovakia and Hungary will keep importing Russian gas.
When German industry is on the floor their only option is to link their gas network into Slovak & Hungarian and repurchase gas from them, thus bypassing sanctions.
S & H will claim that their economy is severely damaged by suctions and they have no other means of keep it going. As EU is heading towards recession keeping two rebels afloat by additional taxation would not be very popular.
Russia will not allow gas repurchasing, such as when Germany sends low-cost contract Russian gas and sells it at high prices to Poland.
Russia has sanctioned the companies engaged in this very profitable business, and has reduced gas to Germany accordingly, hence Germany’s push to build gasification terminals
This is especially the case, if these countries, such as Poland, refuse to pay in rubles.
Gazprom has meters all over the place for monitoring
That was the case while Gasprom had Euros to burn, but I have no doubt when Putin needs money to subsides food prices for restless Moscowites he would sell his ex to the highest bidder.
I don’t know… According to the latest IEA report, Russian oil and gas revenues are up 50% since the beginning of the year, setting new records averaging $20B/Month… It’s only May and Russia has already surpassed 50% of their planned oil and gas federal budget revenues (9.5 Trillion Rubles) for the entire year…
At the same time, US exports plummeted while US imports surged widening the US trade deficit to a record $109.8 Billion…
In the failed geopolitical effort to drive a wedge between Russia and China, the Biden Administration has successfully created runaway inflation and a world wide recession…
BEFORE THE UKRAINE AFFAIR, REVERSE PUMPING WAS A COMMOM PRACTICE, PROMOTED BY THE EU.
Russia did not mind, as long as it was paid.
However, after the Ukraine affair, if a country, say Bulgaria, does not pay in Rubles, its contracted flow gets cut by 100%.
If Bulgaria, or Poland, receive reverse flow, the sending country, say Germany, has its contracted flow cut by the amounts sent to Poland or Bulgaria, as otherwise both countries would be taunting Russia, i.e., poking the bear.
That all happens automatically, based on GazProm meter readings all over the place.
Almost all EU buyers of Russian gas now pay, or have opened accounts to pay, as bill come due, in rubles, for Russian gas.
The Ruble is stronger than it has been in 4 years.
Yeah, chances are excellent that the U.S. politicians will manage to stop or at least extremely restrict LNG production and export. Not needing to be prescient, I’m going with regulatory barriers and increased costs. Probably to appear to increase supply while actually suppressing it.
It always takes two to tango, so apparently Middleton does not realize that “LNG powerhose” actually does mean what the post author says it means. The US can’t export more LNG if the world doesn’t import more LNG.
See how easy that is?
Besides, Germany can and probably will become a major center of LNG terminals per the plans announced by the German Federal government. Meaning, LNG that ends up in other European countries like the Baltic states, and eastern Europe, might travel through terminals in Germany. And that would be a good thing.
Not understanding why Middleton is bitching about this. More LNG means more use of natural gas, and more energy exports from the US which is certainly good for Americans.
Unless Middleton is one of those pro-Russian MAGA types who have generally been keeping a low profile since Putin attacked Ukraine, to worldwide outrage. Even Trump himself had to take back his initial backslapping congratulations of Putin for the initial attack, just a few days later after Republicans basically crapped all over him.
The government in Germany is different from the former government that was very pro-“renewable” energy and anti-hydrocarbon and nuclear energy. Voters in Germany expressed their will, and policies are changing as we speak. The Russian attack on Ukraine has also had a lot of influence on German attitudes towards both energy in general and Russian sources in particular.
I rather suspect you’ve missed the point.
A 100% probability 😉
Tango can be done solo
I rather suspect not.
Germany is prepared to be a LNG powerhouse, and it is Middleton over whose head that concept flew quite nicely.
Powerhouse means you have power not desperate need. German would have to produce the gas itself in surplus for it to be considered a natural gas powerhouse.
Duane, don’t dig it any deeper for yourself on this one.
Whenever Duane finds himself in a hole (which is quite often) his natural instinct is to dig deeper.
Germany is preparing to massively increase its imports of LNG from sources outside of Russia. That does not, in any way, make it a “powerhouse”. The point of the argument is that Germany has crippled its economy by switching from coal and nuclear to natural gas (with a side order of wind and solar), and has taken to using Russian gas to supply that new need. The claim that they’re a “powerhouse”, when they are utterly reliant on external sources due to their own ill-conceived policies, is an outright lie.
A powerhouse is where the power is *generated*. Being a power user does not make one a powerhouse any more than being a frequent drug user makes one a pharmacist.
Mr. Archer: You don’t need to be the world’s greatest secret agent to see when Mr. Duane makes another swing and a miss, but thanks, he can use it. If the German gov’t was different, they would frakk their own gas instead of building terminals in 1/10 the time. Germany will not become a LNG power hose (read before posting, Duane) buying LNG from USA.
Trump never slapped Putin on the back after Russia’s invasion. That’s a lie DuhWayne.
Here’s what Trump actually said, “The problem is not that Putin is smart, which, of course, he’s smart. The problem is that our leaders are dumb… and so far, allowed him to get away with this travesty and assault on humanity.”
This was spun by the liberal press and your Dimocrat ilk into Trump slapping Putin on the back when what Trump actually said was that our leaders are dumb which, of course, they are.
Dude – it was all over the place, direct quotes from Trump. You FoxNewsers are so isolated from the real world that you simply ignore, and have for many years, ignored that Trump is Putin’s bitch. Putin and his fellow kleptocrats have been the main customer and financiers of Trumps condo projects since regular banks refused to lend any more to him after his six serial bankruptcies. Trump repeatedly kissed up to Putin, took Putin’s side against that of the United States, blamed the US for Putin’s problems, claimed that Putin was honest in claiming no interference in the 2016 elections despite the fact that all 17 Federal intelligence agencies AND the GOP-controlled Senate Intelligence Committee all agreed that Putin interfered in the 2016 election.
Take a look at the movie 2000 MULES
Dem/Prog operatives picking up completed ballots from ballot preparation centers and stuffing them from back pack into drop boxes, all as determined by mobile phone pings, and video cameras at drop boxes.
A major eye opener, even for Dem/Progs who believed all the media crap
Biden got 81 million BALLOTS, not votes
Learn how to read…
“it was all over the place, direct quotes from Trump”
Please provide them, then, in full context.
The number of people watching the lying liberal cable channels has dropped dramatically. Only about half their audience remains. Why? When people found out that the Trump – Russian collusion was a lie, they learned that they can’t trust the liberal media so they stopped watching. When people found out that they were being kept in the dark about the Biden crime family they stopped watching. When people figured out that there is no climate crisis, they stopped watching. Hopefully, you’re not too far gone and you can stop too.
Wow Duane, not just hook, line, and sinker, you’ve swallowed the rod, reel, and 35 foot fishing boat as well! May I suggest looking at sources of news other than the Huffington Post?
If you took all of Griff’s endearing qualities away you’d get Duane… 😎
Where is Griff?
Trump always speaks nicely in public about tyrants he expects to need to negotiate with in the future, then reads them the riot act in private. It’s called “the Art of the Deal”, ie don’t piss off people in advance for no good reason.
Ha. In private it’s the same
Art of the Deal was ghostwritten and it was never nice guy -tough guy
So…The U.S. can’t be a LNG Powerhouse if the world doesn’t IMPORT LNG…BUT…the U.S. is the LNG Powerhouse and the World Is Importing LNG.
Typically the POWERHOUSE is what produces the energy. And since Germany isn’t PRODUCING the LNG they aren’t the POWERHOUSE, they’re the Power-user
Germany is an LNG powerhouse in exactly the same way Jamie Moyer was a homerun powerhouse… :
I would have used this analogy in the post, but baseball tends to confuse foreigners almost as much as Larry the Cable Guy does.
The real world obviously confuses you and your incessant rants against Europe and the real world.
Europe and the real world gets told in 2018. Of course they didn’t listen.
Obviously Duane, you have no real point to make on the matter but are purely a David Middleton Basher and likely Troll for the Marxist Left
A useful idiot for the marxist left, for sure, but not a troll.
It takes two to tango, which obviously flew way over your head, just as it did to Middleton. Germany is in the process of importing much more LNG, and at the very same time the US is preparing to export more LNG – all in direct collaboration with the Germans.
Homeruns work the same way: It takes a pitcher and a batter. You and Bloomberg’s “journalists” seem to think that the pitcher who gives up the most homeruns or nation that imports the most natural gas, is the “powerhouse” in the equation. Like Ron White said…
And who is the POWERHOUSE and whom the Power-User???
Even without everyone else importing natty, it keeps. When they want it, we’ll have it.
I think Duane tries too hard to be a sage contrarian but hasn’t developed his thinking well
enough at this point in time. Right now, I’d say he’s more contrary than a contrarian. The
best thing he could do is to stay silent & watch & learn from all of you who are good at it &
in time, he’ll garner the resources necessary to do it. Rome wasn’t built in a day!
Tis better to remain silent and have people think you the fool than to open your mouth and remove all doubt?
Some people are just worth ‘peating and repeating
(knew I heard that someplace 😉 )
And what happens in Germany when a Democrat president actually does stop all natural gas production? No more exports to Germany.
Being a powerhouse consumer but not a corresponding powerhouse producer is just following Alice down the rabbit hole. Germany *was* already a powerhouse consumer with Russia as the actual producer. They will be in the same situation only with the US as the producer.
It always takes two to tango. To export more requires someone to import more.
And now you’re bitching along with Middleton that Germany is now buying more from the US and less from Russia?
Certainly sounds a great deal like the Russia coddling/apologists for Russia following Trump’s lead as Putin’s BFF.
Russia is selling pipeline gas to Germany at $2.83/million Btu, under long term contract.
EU spot prices are $30/million
US spot prices are about $8/million, up from less than $3/million in 2019
The US consumer is getting screwed big time by Biden exporting OUR gas.
One reason I was wary when the transition from coal to natural gas started years ago, that the home heating/hot water were going to get more expensive because big utilities were buying up ‘my’ gas! Coal is perfected suited for use by big utilities who can burn it efficiently and cleanly, and easy for regulators to monitor – but then governments got poisoned with the green cult and betrayed the good of citizens to fight fake eco monsters.
Duane has quite obviously missed the point made in your last sentence, and which was implied in several posts above.
Duane- READ MY LIPS- NATTY GAS KEEPS! When they want it, we’ll STILL have it!!!
You may also want to read my comment above & Bryan A’s sage advice.
We’ve both done it & it works!!!
Duane, was it President Trump who advised rather directly that Europe needed to be less dependent on Russia?
You really are rather in the fog old chap.
Duane, what disingenuous nonsense you post. People are not being “coddling/apologists for Russia” by pointing out the basic facts to you. Facts which clearly fly high above your tiny head.
Germany is just as much a “powerhouse” (ie not at all a powerhouse) for consuming lots of NG from US as they are by consuming lots of NG from Russia. Switching their consumption from one to the other doesn’t alter the fact of the matter – they are a power *consumer* not a power*house*.
Powerhouses are where the energy is produced, *not* where it’s consumed. Germany is not a produced they’re a consumer.
Exporting our energy, oil, coal, LNG, at high prices is a good thing for energy companies, and a bad thing for US users, because it creates US scarcity and higher prices than without the increased exports
Which would be true if we had scarcity of energy reserves. But we don’t. Under Trump we were producing all we needed, AND exporting much more than that, all to the benefit of the US. It only seems different now because Brandon cut our supply down to a trickle.
More demand, supplies increase by extracting less profitable reserves, only possible because price is up. Same reason sand oil is peaking again. Don’t tell me that US prices don’t go up with record exports, they have to because nobody intentionally produces at a loss.
“pro-Russian MAGA types”
Isn’t it sounding a little bit funny?
Oxymoron on steroids funny… 🙂
I’d like to see some evidence of that such as cancelling the scheduled December shutdown of the three remaining nuclear reactors. Reopening the three other reactors they shut down last December would be even stronger evidence.
I’ve read nothing along those lines; have you?
Indeed, there has been nothing along those lines, in fact just the opposite.
Germany vetoes nuclear power extension, aims for LNG terminal in 2024 | Reuters
Simple solution: Drill Baby Drill!
Reopen your damn nukes! Come on, wake up!
Following Mutti’s lead for the past 16 yrs has left Western Europe & Germany as dull & witless
as their “Fearless Leader”- a continent of Empire Stormtroopers! They traded reliable 24/7
solar & nuclear for useless solar, wind & biomass. Using solar N of the Alps is absolutely
nuts & wind is only good along the coast & a bit less so in E Germany. Biomass is a bust as
wood is even worse than coal & pelletizing it adds 1/3 more to the CO2 produced. Morons, the
lot of them!
Restarting/keeping nuclear may not help them short-term as Europe gets 40% of their uranium
from Russia & Kazakhstan & Germany got 55% of it from them, too, before reducing it to 35%
this spring. (The Clinton gang got $145M from the Uranium One deal as part of their $2B sell-
America-down-the-river world tour. It gave Russia 20% of our uranium. The Skolkovo venture
gave the Russkies hypersonic missiles,too. The partners were shaken down for more Clinton
$$$.) The plants also need maintenance. For me, their best bet would be to do as you said. Alt
NRG’s stupid by itself before you even talk about the YUGE storage problem!
Spent the weekend in Surfside Beach, TX with 2 of our 5 kids at their beach houses. Our view at the horizon included 6 LNG tankers, 1 old design and 5 new design. Took lots of pictures and sent them on to our family in Germany with a post script of “Help Is On The Way!” 1 Tanker left on Wednesday.
The Freeport LNG facility is pretty cool.
David, yes it is. The original was for import. I knew the guy behind that one. We were approached by Exxon for the import one at Corpus Christi to use the cooling that the vaporization would produce to use in our facility there. Our consumption was so small in comparison that Exxon decided not to give us access.
Most of the LNG from Freeprt goes to Asia though, Japan specifically.
The Cheniere LNG plant at Sabine Pass was also initially built as an import facility.
It may seem counterintuitive, but natural gas prices were persistently higher when we were a net importer.
Ah, yes. My Cheniere stock has done quite well. And I remember those previous highs. We were paying $12. It ended up causing us to shut down an old Ammonia plant. The Chinese bought it, match marked it and shipped it to China and reassembled it.
I also remember when I started work, we were in a take or pay contract with Exxon for $0.22. They wanted to break the contract so we ended up flaring.
It’s been a wild ride… 😉
Only about 22bcm of our LNG exports currently go to Europe and the futures contracts signed today – which include modest increases to those levels – won’t be delivered until 2025 at the earliest… Russia currently provides about 155bcm to Europe… I’m curious as to where the additional production and export capacity comes from that could realistically offset the loss of 155bcm…
The powers that be have serious trouble with simple arithmetic and schedules.
What’s all the shouting about? It was just a tiping erron, the line should read:
Germany Poised to Become LNG Powered House!
I guess the EU will just have to add an upper deck on the tariff walls.
Agreed, importing something doesn’t make a country a powerhouse. A country that drills for and produces LNG may be a powerhouse. The country that imports is not.
Maybe the Germans will hoard so much LNG that we all have to beg them for supplies of it? I am sure Brandon is on board for this.
PS. Send back water
California panel unanimously rejects proposal for plant to turn ocean water into drinking water – ABC News (go.com)
Newsom’s wife says, “Let them drink wine…”
Virtue is expensive but the poor won’t notice.
I guess that makes the U.S. a “powerhouse” in toys, shoes, apparel, and other Chinese imports. And India is a “powerhouse” in oil imports.
Is that a Disney reference?
“How does importing more than 80% of your natural gas qualify as a “powerhouse,” irrespective of the sources and nature of the imported gas?”
Exactly. And how is it that this powerhouse comes up 30% short on replacing Russian gas.
Finally, if Germany is a powerhouse, what do we call France, and exporter of electricity to this powerhouse?
Germany needs to become a “powerhouse” for Ukrainian refugees after being defiantly ignorant of Russia.
Oh I see. It is going to become an LNG powerhouse in the same way a rechargeable battery is a powerhouse of electrical energy. Someone else is responsible for adding the energy.
Germany could diversify it’s supply (and other countries of Europe), over time: The Mediterranean basin is potentially a source of natural gas; already the eastern Med has substantial proven reserves [Biden admin. has blocked an east Med gas pipeline that had been on the drawing boards for some time.] of natural gas,
The are many geologic indicators that hydrocarbons exist across much of the med basin.
Western Med natural gas, if, indeed, there are reserves of commercial value, could provide a secure source of natural gas for all of western Europe.
That would be too easy, wouldn’t it?
Until then (whenever the political will exists), LNG can hold them over.
But “powerhouse” is not the word I’d use.
“Dependent” is the word I’d use.
How did the Biden Administration have the authority to block the eastern Med pipeline?
“Block” might be too strong a word, “does not support” is better, but from the items I read, this soft power, however extensive, has put the project on hold.
As Mr. Evans said, blocked might not have been the most accurate word… Brandon just did everything he could to greenlight Russia’s Nordstream 2 pipeline, while doing everything he could to block the EastMed pipeline from Israel to Greece.
Mr. Middleton, thank you.
Remember when the Germans at the UN were laughing at Trump as he told them this was going to happen? Ya, pretty funny right?
Trump was right again?
Next time he’s in, I hope he fires a whole lot more people and a goodly number end up in prison (in general population).
Buffett not stupid dumping money into us energy. US natural gas will be in high demand for a long time.