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First U.S. Gas Shipment En Route to Europe
WSJ ^ | April 21, 2016 | Georgi Kantchev and Miriam Malek

Posted on 04/25/2016 5:31:57 PM PDT by Navy Patriot

A tanker from Louisiana loaded with U.S. natural gas is en route to Portugal, the first shipment in a trade relationship that could shake up the European market.

The 970-foot long Creole Spirit, carrying liquefied natural gas, is expected to arrive by the end of April, according to shipping data and people familiar with the matter.

In Europe, American gas will add to a swell in supply in a crowded market long dominated by Russia. Analysts predict that the arrival of U.S. gas could trigger a price war, leading to lower prices for consumers that could act as a shot in the arm for the struggling European economy.

(Excerpt) Read more at wsj.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Russia
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Let's see if the market decides winners and losers or if crony capitalists decide.
1 posted on 04/25/2016 5:31:57 PM PDT by Navy Patriot
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To: Navy Patriot

The American exporters will be bankrupt soon.


2 posted on 04/25/2016 5:36:41 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Navy Patriot

3 posted on 04/25/2016 5:38:46 PM PDT by nascarnation
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To: Navy Patriot

I’m betting corruption rules the day. Europeans have been refining it for over a thousand years. Of course, Americans have been working hard over the last century to catch up!

As far as lower prices acting “as a shot in the arm for the struggling European economy”, that’s laughable. Any funds freed up to the common man will be immediately sucked up by European taxes.

Only good thing that could come out of this is revenue coming into the United States. Europe is beyond hope.


4 posted on 04/25/2016 5:41:00 PM PDT by DakotaGator (Weep for the lost Republic! And keep your powder dry!!)
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To: Navy Patriot

Something about this bothers me. It says US gas shipments but who actually owns the companies....and that’s one big footprint to get it there.


5 posted on 04/25/2016 5:42:47 PM PDT by Sacajaweau
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To: Navy Patriot

Meanwhile, on the Pacific coast, an LNG tanker departs Washington every 8-10 days for China, carrying approx 1.5 million gallons of butane and 1.25 million gallons of propane.

So why is this Atlantic shipment news?


6 posted on 04/25/2016 5:44:10 PM PDT by datura
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To: 2banana
There is a shortage of LNG shipping, it has a discouraging lead time, and it is an expensive investment.

In a free market face off, your analysis has considerable merit.

7 posted on 04/25/2016 5:45:19 PM PDT by Navy Patriot (America, a Rule of Mob nation)
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To: Sacajaweau
...who actually owns the companies?

I'd suspect China.

8 posted on 04/25/2016 5:47:28 PM PDT by Navy Patriot (America, a Rule of Mob nation)
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To: datura
So why is this Atlantic shipment news?

They are competing with existing pipelines, Chinese shipments are not.

9 posted on 04/25/2016 5:49:45 PM PDT by Navy Patriot (America, a Rule of Mob nation)
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To: Sacajaweau

It says in the article. Changer Energy, a company that trades on the NYSE, is selling the lng to a Portuguese firm.


10 posted on 04/25/2016 5:52:22 PM PDT by oincobx
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To: datura
Meanwhile, on the Pacific coast, an LNG tanker departs Washington every 8-10 days for China, carrying approx 1.5 million gallons of butane and 1.25 million gallons of propane.

We need to stop all energy exports. This is stupid. We send the raw materials and they send us fished goods. That is text book mercantilism. We are being colonized people.

11 posted on 04/25/2016 5:52:54 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: DakotaGator
I’m betting corruption rules the day.

Often the Russians didn't get paid, I expect the European insiders expect (and have bribed for) an even better deal from the US.

12 posted on 04/25/2016 5:53:24 PM PDT by Navy Patriot (America, a Rule of Mob nation)
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To: oincobx

Correction: Chaniere Energy


13 posted on 04/25/2016 5:53:53 PM PDT by oincobx
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To: Navy Patriot

But the cliamtey!


14 posted on 04/25/2016 6:05:32 PM PDT by Dallas59 (Only a fool stumbles on things behind him.)
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To: Sacajaweau
The Creole Spirit is Bahamian flagged. The shipper is Teekay, also of the Bahamas. Nothing unusual there.

The exporter is Cheniere Energy, of Houston, TX. the buyer is Portugal's Galp Energia.

Before long, LNG exports will depart from Dominion's Cove Point on the Chesapeake Bay. That will help unload all the Pennsylvania fracked gas.

15 posted on 04/25/2016 6:09:30 PM PDT by IndispensableDestiny
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To: Navy Patriot

Would Russia find exporting our US Nat Gas a provocative act to yet worsen the Russian economy?

Have you figured out if Obola has been really tweeting the bear’s nose, or if it’s all for show because of his 2012 hot mic statement indicating collaboration after his reelection?

Do you think we’ll ever get into a hot war against an allied Russia-China force?


16 posted on 04/25/2016 6:15:05 PM PDT by MarchonDC09122009 (When is our next march on DC? When have we had enough?)
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To: central_va
Lower energy costs should be used to power our manufacturing industries.

Instead the crony capitalists are selling our natural resources to the highest bidder.

17 posted on 04/25/2016 6:17:17 PM PDT by caltaxed
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To: caltaxed

It’s “nice” to know I have to compete with the Chinese for propane to keep my house warm in the winter.


18 posted on 04/25/2016 6:19:05 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Navy Patriot

How many propane gallons would I need to replace NG heating in lat 45deg Winter?


19 posted on 04/25/2016 6:20:57 PM PDT by Paladin2 (Live Free or Die.)
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To: Paladin2

NG is the best and cheapest form of heat there is. You’d be crazy to go from NG to propane. Propane sucks.


20 posted on 04/25/2016 6:22:27 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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