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by powertower
3139 days ago
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The last time this was suggested on the news (CNN, etc), I did some quick math. To ship gas to Europe, the US will need to spend about 50B-100B+ (minimum) building LNG facilities on both port sides, and then build something like 10,000 LNG Carriers (oceanic ships) to meet demand. Which would cost another 100B+ (maybe even 1T). After all the infrastructure is set up, the prices will be at least 2-3 what they pay now (as they have to do things to and with the LNG that Russia does not in the process of delivery). Its not feasible, unless you want the US taxpayers to pick up the bill and then subsidize it. These were back of the envelope calculations. It could be a factor of 10 off in either direction. |
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The US is already expected to add 66 MTPA of LNG export capacity by 2019:
http://analysis.petchem-update.com/supply-chain-logistics/us...
Were you perhaps estimating the numbers to replace all of Europe's thermal coal consumption?