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OakesCS

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OakesCS

Re: DewDiligence post# 1816

Wednesday, 12/01/2010 9:23:11 AM

Wednesday, December 01, 2010 9:23:11 AM

Post# of 29406

Tiny Cheniere Could Be Gazprom’s Nemesis

[The reason, of course, is LNG, which allows gas to be priced at a level commensurate with the world price of oil.]



the title is kind of humorous. a former area president in a large O&G service company jokingly made the call on LNG export from the US >2yrs ago. However, I wouldn't count on Cheniere breaking Europe's gas price problem. The world has caught on to shale gas so i suspect that Russia's grip on Europe will be broken by more local supply.
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