The US' limited reach
Deliveries from Sabine Pass to northwest and eastern Europe have begun, but don't hold your breath for an avalanche of North American supply
he arrival on 7 June of the first US liquefied natural gas cargo at Poland's Świnoujście terminal was hailed by the country's leaders as another milestone in efforts to reduce its dependence on Russian gas. But the quantity imported into Poland—and the rest of Europe—in future will be an outcome of market forces, not political strategy. The Gate terminal in the Netherlands also received its first cargo from Cheniere Energy's Sabine Pass plant in Louisiana on 8 June—the first US delivery ever into northwest Europe. But the cargo was only taken to replace a delivery from Statoil's LNG production facility at Snøhvit, Norway, which was closed for maintenance between 12 May and 18 June. For the s
Also in this section
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years