Posted on 06/21/2022 6:59:08 AM PDT by SpeedyInTexas
Venture Global LNG Inc. has struck the first binding deals by a U.S. natural-gas exporter to supply natural gas to a German company, as the European nation turns to America to help replace supplies from Russia.
On Tuesday, Venture Global said it agreed to sell 1.5 million metric tons of liquefied natural gas a year in two separate 20-year deals with German energy company EnBW Energie Baden-Württemberg AG, starting in 2026. Half of the amount will come from Venture’s Plaquemines LNG facility under construction in Louisiana, while the other half will come from another proposed facility in that state, it said.
Mike Sabel, Venture Global’s chief executive, said the agreements were “an important step that manifests Germany’s strategy to diversify its energy mix.”
(Excerpt) Read more at wsj.com ...
Energy markets are being remade. Oh, and more jobs for Louisiana.
I’ll post a readable archive link in a bit.
200 people ahead of me in the queue for archiving.
“...starting in 2026”
It will be interesting to see if the US can even supply gas (starting in 2026, by the way), considering our freeze on new federal leases.
But its all in progress.
Most energy is produced on private land.
“Whether it is oil production or natural gas production, output on Non-Federal lands (state and private) has consistently been significantly higher than output on Federal lands, despite the federal government owning much more mineral estate.”
Didn’t a LNG plant just recently blow up in the US?
Haha. These guys are on the same timetable as Durham investigation.
“Most energy is produced on private land.”
Perhaps...still don’t see how we expand with one hand tied behind our back.
I suspect I'm asking a rhetorical question.
“..Perhaps...still don’t see how we expand with one hand tied behind our back...”
We take our free hand and “cut the rope” binding our other hand. Then, we beat the ever-living shite out of the woke morons that tied us up to begin with.....that’s how.
I don't see a problem [in the World Of A Child].
When people start getting their natgas bills in October and November, and realize that we're giving gas to Europe and raising OUR prices here, the Mitt will hit the fan.
Politicians will have to run to keep ahead of the mob.
Just checked my last natgas bill - 15 bucks more for the same amount of gas as last year, same month.
The Short Bus Biden Tax.
If so, should we be allowing resources owned (federal lands) and subsidized by the people of the United States to be sold on the global market? By dong so, does our government and oil industry rob us by inflating the price of a commodity through the global market?
Really, that’s where I am…
Post 13 says Freeport LNG in Texas.
Philly area would probably have been in Marcus Hook.
I would definitely have heard about that…I think.
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