Alexander C. Kaufman pfp
Alexander C. Kaufman
@kaufman
Contrary to what Trump administration officials said rejecting the Biden DOE’s study justifying curbing further LNG export capacity, WSJ reports here that “the expansion of LNG exports is contributing to higher domestic prices as the U.S. market becomes less isolated.” https://www.wsj.com/finance/commodities-futures/u-s-faces-uphill-task-to-refill-natural-gas-storage-for-next-winter-6c2abb61?st=Tf8ZG9&reflink=article_copyURL_share
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FrameTheGlobeNews
@frametheglobe
I view this as a good money making scheme for the American market by exporting expensive LNG to Europe, which is in the process of deindustrialisation due to the disconnect from Russian gas, and setting up fresh infrastructure to accommodate for LNG imports. A superb cash cow for the US and Qatar.
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