Mohacsy's Safe Portfolio Member Forum

[Elroy Jetson]

Europe will take LNG as it becomes available, but this winter will rely on coal and rationing with Germany paying certain heavy gas users to temporarily shut down.

Norway has increased gas production in the North Sea and the UK continues to delay and Europe has quite a bit of gas in storage.


Existing LNG plants in the US and elsewhere are supplying what they can, with additional LNG plants coming online later this year and next. Next year gas prices will still be relatively high in Europe, but without the rationing for businesses. -- Putin sure is shutting down Russia's future.

https://www.upstreampost.com/upcoming-lng-projects/

Upcoming LNG Projects

Qatar LNG expansion project – 32mtpa
Driftwood LNG LLC – 27mpta
Rio Grande LNG – 27mtpa
Orca Floating – 24mtpa
Nikiski LNG Project – 20mtpa
Arctic-2 – 19.8mtpa
Kitimat LNG in Canada – 14mtpa
Baltic LNG Liquefaction Plant
Abadi LNG Project
Tanzania LNG Liquefaction Plant
Rovuma LNG Liquefaction Plant
Ogidigben Gas Revolution Industrial Park (GRIP)
Mozambique LNG Project
Etan & Zabazaba Oil Fields
Namibe Refinery Complex
Dangote Refinery and Polypropylene Plant
Alaska LNG Liquefaction Plant

The Kitimat LNG project in Canada used to be Chevron's until they realized what a significant cost disadvantage North American LNG production has against Australia, Qatar etc. As a result Chevron got into the business of buying LNG production from hapless LNG producers in North America to sell on as part of long term contracts to European and other customers.

It's preferable for customers to deal with Chevron than some individual LNG plant periodically declaring "Force Majeure" or some other nonsense.