Expect to see natural gas prices rise domestically, as our NG goes overseas.
We used to generate a lot of NG when we were still fracking.
It is ok to sell energy overseas; that means America will be making money.
Some may think it is evil for Americans to make money but it is not if we are honestly making a product someone wants to buy.
I wouldn't sell anything to an enemy that they could shoot back at us; that is a different story.
I would be glad to let someone look for energy in my front yard if there is a market at $100 per barrel.
Not how LNG maket works, the people who make LNG at the end of a natural gas pipeline buy in spring for summer and fall delivery typicaly in a location right next to a LNG carrier (a very specialized ship). They compress and cool NG when electricity or natural gas is near free to them. The speed at which NG is extracted from the ground and “proven reserves” tax wise is entirely by demand. There are storage fields but these serve as buffers and suppliers to the spot market. The gas pipeline companies have increasable delivery volumes to port locations that chill and compress LNG.
The storage technology of LNG also serves to stabilize prices of a US market that varies by as much as 60% per day in the winter. Brexit allows the english to once again tap the north sea when dollar signs appear on the spot delivery market, and hell russian gas is unstable.....right?
Putin played right into western NG suppliers hands until he leaves.
Do you buy your buy propane for home heating in early April, June or October? When I had the big bottle I signed a contract in late May, the service firm kept the bottle full.
The EU customer is no different, they buy a series of delivery contracts that are cheaper than the day to day spot price. They charge their customer the spot price if allowed by regulators. The item in limited status is the storage.