And we’re still shipping gas out when we need it here??
According to Bloomberg, the Freeport LNG export terminal in Texas will be shuttered for at least three weeks, which will impact 20% of all US LNG exports. In the last four months, 75% of all US LNG exports have been sent to Europe.
Take THAT, Putin!!
Yes, we're shipping OUR natural gas to Europe, while my natgas provider is crowding 75 cents a therm.
It was 20 cents a therm last year.
“And we’re still shipping gas out when we need it here??”
Net Net we produce more than we consume.
The super irony of this is that the plant at Quintana was originally designed for importing ngl, and was modified then super expanded to export.
The plant had bought up almost all the beach front town of Quintana including the cemetery of the mid 1800s.
To harden the site to hurricane and flooding, they have raised the level of the site to 30+ feet above grade.
Most of their NGL ship to Japan, they have a long term contract.