The Global Role of U.S. LNG

[@borodinojoe1850]

Smart people. Good show.

[@lomotil3370]

🎯 Key Takeaways for quick navigation: 00:57 🌐 *The United States has become a key exporter of liquefied natural gas (LNG) globally, reshaping its role in global energy security.* 01:10 ⚠️ *The Biden Administration announced a pause in licensing new export terminals, sparking a significant debate in Washington regarding the public interest, energy prices, security, and climate change.* 03:54 📈 *The Department of Energy is reviewing the process for approving new LNG export projects, leading to uncertainty about the future of such projects.* 07:37 💼 *The U.S. emerges as a significant LNG exporter, impacting traditional suppliers like Russia by reducing their leverage on pricing and geopolitics.* 14:01 🌍 *The flexibility of U.S. LNG contracts played a crucial role in a major shift, with a substantial increase in exports to Europe, displacing Russian pipeline gas.* 15:49 🇪🇺 *Europe, having reduced reliance on Russian gas, now faces questions about the future of US LNG contracts and the impact on investments and energy security.* 18:31 🌐 *Concerns arise about the economic and physical lifetime of LNG infrastructure, with potential conflicts between climate goals and the lifespan of LNG projects.* 20:39 🌐 *The U.S. is currently well-positioned to provide additional LNG supplies, impacting global geopolitics.* 23:18 🌏 *Future LNG demand, especially post-2030, is focused on Asia, particularly countries like India, Bangladesh, and Pakistan.* 25:09 🛢️ *Concerns about dependency on volatile regions and geopolitical risks associated with dominant energy suppliers.* 28:34 🌍 *The Federal Energy Regulatory Commission (FERC) faces challenges in considering the cumulative climate impact of LNG exports.* 30:53 🌱 *Efforts are underway globally to control methane emissions from the LNG industry, presenting a competitive advantage for U.S. exporters.* 32:47 🚢 *Future demand for LNG may be a cleaner alternative for emerging economies, contributing to coal-to-gas switching and addressing emissions concerns.* 37:33 ⚖️ *The impact of the temporary pause on LNG projects may not significantly alter global flows, but the focus should be on the national interest and meeting future demand.* 39:55 📈 *Ongoing review processes and the uncertainty created by pausing contracts may influence how buyers and investors perceive U.S. energy policies.* Made with HARPA AI

[@GB-to2do]

Twenty years ago, the U.S. was experiencing an increasingly severe gas supply crisis. It is generally believed that fracking provided a "100 years of additional supply". However EIA's shale gas monthly production dataset suggests that there is alarmingly less gas ultimate recovery than originally projected. Perhaps production is being constrained by demand. U.S. should exercise some caution to ensure against a domestic supply shortage before an energy transition reduces demand. Without caution, U.S. will repeat Australia's mistake.

[@paratirisis]

Great conversations, thanks. A side: get a better sound guy, the wrong microphones were active all the time picking up echo and noise.

[@concero]

Insightful!

[@phil20_20]

We are going to have 10X the export capacity of a few years ago, and that is with the pause. 😂 DO THE MATH! Experts should really check in with the DOE a little more. Where is the pipeline to the West Coast? Is anyone doing anything to reduce nitrogen in the combustion process?(NOx)

[@JacobCavazos-northamerica]

37:26

[@rich8304]

Buy flng 10% dividend

[@oddvardmyrnes9040]

These people must think we are morons. The war in Ukraine has as its main goal to disrupt energy supply to Europe, and substitute the supply chain from Russia to the U.S. As its secondary goal is to get European chemical & metallurgy industries to move to the U.S. The war also pays for the retooling & restoration of American industry. The IRA legislation was written a long time ago, waiting for the right moment in time to be activated. Now is the time. We, here in Europe, are starting to see the game now. I myself, have seen it coming since the war started. What the Americans should realize is that this will drive NATO apart. Europe will enter into a time of hardship, which you can see the start of today. Civil unrest, incumbent governments toppled at every election, & the rise of nationalism in Europe & America. The people will not accept the bill they are handed!

[@mharley3791]

Most Americans don’t really care about NATO and Europe doesn’t have to buy us long. They can always get it from the Middle East if the want

[@dmitrye3212]

Stop US LNG exports. Manufacturing should return back to the US.

[@aesopsaintours4491]

Pretty narrow view there. First, the export market will never be able to compete with the domestic market, not at scale. A factory in Arizona will be able to outbid a factory in Germany on gas because the German factory will also have to pay for the cost of shipping, not cheap. So, by and large, American industry will get all the gas it needs and the leftovers will get out of the country. If exporting gas was banned, gas producers wouldn’t be able to sell everything they produce, and might reduce production to the point that US industry suffers. In other words, if the international market doesn’t subsidize gas production, then US industry might not be able to grow. Second, there is plenty of consumption to go around. The US can build out a LOT of manufacturing and still have a massive standard of living crisis if China suddenly goes offline-we need partners. Other countries can also do certain work for cheaper, when supplied with our energy. Mexico can build quality cars for cheaper than we can, so it would be moronic to insist on producing them ourselves in the name of domestic energy.

[@sunroad7228]

"No matter how highly mechanised and fossil fuels self-powered, fossil fuels extraction requires a number of people - as if the process is executed by hands using buckets and ropes". Today, this number is 8 billion people - working flat out 24/7 - strong. Our Western Civilisation has been no more than a fossil fuels-extraction operation - all along. "No energy store holds enough energy to extract an amount of energy equal to the total energy it stores. No system of energy can deliver sum useful energy in excess of the total energy put into constructing it. This universal truth applies to all systems. Energy, like time, flows from past to future" (2017).