: :inin Kyiv (EET)

Europe Commits to U.S. Shale Gas


America is now exporting our glut of shale gas, and despite some shaky market conditions we’re finding European buyers keen on importing these new LNG supplies. The WSJ reports:
On a gross basis, [European imports of American LNG] don’t make much sense. One key European gas price, known as NBP, was Monday trading at about $4.25 per million British thermal units. Buyers of LNG must generally pay about 115% of the U.S. natural gas price, about $2.10 per million BTU. Then there is $2.5-$3.0 in tolling costs to the LNG plant and perhaps $2 in shipping, fuel and regasification costs. That …read more

Source: The American Interest

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