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Europe is locking itself in to US LNG

(davekeating.substack.com)
151 points hunglee2 | 3 comments | 16 Sep 25 13:56 UTC | HN request time: 0.001s | source
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mytailorisrich ◴[16 Sep 25 14:06 UTC] No.45262444[source]▶
Another level of irony is that this is partly because Europe does not want to develop shale gas for environmental reasons, so it imports US LNG... which is mostly shale gas [1].

The US love Europe's policies...

[1] https://www.reuters.com/business/energy/surging-us-lng-expor...

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1. adrianN ◴[16 Sep 25 14:09 UTC] No.45262480[source]▶
It makes sense not to invest a lot of money into fossile infrastructure when you plan to be fossile free in about twenty years.
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2. mytailorisrich ◴[16 Sep 25 14:18 UTC] No.45262585[source]▶
Considering that the industry is highly profitable I'd say that Europe spends more importing gas than producing it locally, which would also benefit the economy and improve strategic independence.

Investments in fossil fuel infrastructure still happen, too, in the form of LNG terminals.

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3. ljf ◴[16 Sep 25 21:18 UTC] No.45268188[source]▶
https://www.nytimes.com/2022/07/27/opinion/environment/energ...

Fracking is only profitable when oil is $120 a barrel or more.