Replies to post #20846 on The Rising Influence of Rising Affluence

[biotech_researcher]

RDS and LNG - There will be even more going to Asia... KMI has a 20-30 year take-or-pay contract with RDS to supply LNG to RDS at Elba Island. There are a total of ten trains being built to liquify the gas, with two recently built and in production, the rest will be completed this year.

In the scheme of things I understand this isn’t really that big of a plant. Medium sized.

Wasn’t too long ago that the Ruskies put the screws to everyone restricting the availability of natty gas. Not any more..

[semi_infinite]

NG/LNG prices - "poetic justice" article below. low LNG prices impact the newest projects in the US more than established projects since the latter have prices set according to oil prices over a long period of time. There must be tables in their (cvx, rds) annual reports about the contract volumes, prices and timing.

https://www.bloomberg.com/news/articles/2020-02-09/energy-markets-need-winter-and-climate-change-is-taking-it-away

ps Jet propulsion scientist at Caltech studying ocean circulation says Arctic fresh water melt could be in process (years) of slowing/reversing clockwise circulation in Atlantic and that will cause northern EU temps to drop a lot.

[jbog]

The main price gauge for liquefied natural gas, or LNG, in Asia fell to $3 per million British thermal units Thursday,

I'm guessing that's under cost. Ugh