EU to build more terminals to import US LNG 

Posted: July 27, 2018 by oldbrew in Energy, government, News, Shale gas
Tags: , ,

Sabine Pass LNG Terminal, Louisiana [image credit: naturalgasnow.org]


The US President just became a successful natural gas salesman, after complaining that Germany was too dependent on Russian gas.

European Commission President Jean-Claude Juncker made the announcement during his visit to the White House yesterday, reports Energy Live News.

The European Union plans to import more liquefied natural gas (LNG) from the US to diversify its energy supply.

European Commission President Jean-Claude Juncker said more terminals will be built in the region during his visit to the White House this week.

He met with President Donald Trump yesterday to launch a new phase in the relationship between the US and the EU, including strengthening their co-operation on energy.

They also agreed to launch “a close dialogue on standards in order to ease trade, reduce bureaucratic obstacles, and slash costs”.

Mr Juncker said: “We have decided to strengthen our co-operation on energy. The European Uniion will build more terminals to import liquefied natural gas from the US. This is also a message for others. We agree to establish a dialogue on standards.

“And we also agree to work on the reform of the WTO [World Trade Organisation]. This of course is based on the understanding that, as long as we are negotiating, unless one party would stop the negotiations, we hold off further tariffs and we reassess existing tariffs on steel and aluminium.”

Source here.

Comments
  1. Chaeremon says:

    Putingas: $180 per unit, Trumpgas: $240 per unit, what a deal.

  2. oldbrew says:

    Pipeline gas is cheaper than shipping LNG.

    But Russian pipelines can be switched off :/

  3. ivan says:

    It would appear that they are only now realising that wind and solar doesn’t cut it in an industrial society.

    Someone must also have reminded them that it doesn’t pay to have all your eggs in one basket, but they should also remember it is not a good idea to upset your supplier.

  4. oldbrew says:

    Reading between the lines of corporate management-speak, BMW is generating some of its own power and linking up to the German public supply grid.

    https://www.automotiveworld.com/news-releases/bmw-sustainable-stable-power-supply-tomorrows-electric-mobility/

    Translation: renewables are unreliable and BMW is taking steps to avoid power outages. But they can’t say that because politicians are powerful and they don’t want any trouble, so they refer to ‘Balancing energy as a safety net’.

  5. gallopingcamel says:

    The Russians have the price advantage but Trump has reduced their leverage.

  6. Chaeremon says:

    @Oldbrew, Re: ‘Balancing energy as a safety net’
    In discussions with BMW staffers here in Germoney, they speak about 1-2 generic production halls which are set-up and used for the momentary eHype.
    The really big issue they see is the scarcity of material for anodes in batteries; conservative estimates guess a market blow-up within 10 years (bye bye cable-free smartphones for non-luxury use).
    But BMW staffers don’t worry, they say: we’ll then sweep the floors of generic production halls and set-up for whatever hype is trending by that time (steam? from manure heater?).

  7. oldbrew says:

    Don’t mention the climate… 🤫

    EU ABANDONS CLIMATE STANCE IN TRADE SOP TO TRUMP
    Date: 27/07/18 Climate Home News

    The European Commission abandoned its customary climate hard talk in a bid to defuse trade tensions with the US on Wednesday.

    http://www.thegwpf.com/eu-abandons-climate-stance-in-trade-sop-to-trump/
    – – –
    EUROPE TO BECOME ‘MASSIVE’ BUYER OF U.S. LNG, TRUMP SAYS
    Date: 26/07/18 Bloomberg

    http://www.thegwpf.com/europe-to-become-massive-buyer-of-u-s-lng-trump-says/

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