Natural gas, a bridge to nowhere?

[mspohr]

The United States became the world’s largest LNG exporter in the first half of 2022​

The United States became the world’s largest LNG exporter in the first half of 2022

I guess the NG companies should thank Putin.

 

[mspohr]

Looking for someone to blame for the extreme heat? Try Wall Street | Alec Connon

Banks’ financing of coal, oil, and gas was higher in 2021 than it was in 2016, the year after the Paris agreement was adopted

www.theguardian.com

After Putin launched his war on Ukraine, the CEO of Chase, Jamie Dimon, joined the CEOs of ExxonMobil and ConocoPhillips to directly lobby President Biden to increase domestic fossil fuel production. A month later, Dimon used his influential annual letter to shareholders to further lobby on behalf of his oil and gas clients. “We also need immediate approval for additional oil leases and gas pipelines,” he wrote, despite the fact that newly approved oil and gas projects won’t come online for years and won’t help solve the current energy crisis.

 

[ItsNotAboutTheMoney]

I guess the NG companies should thank Putin.

Helps with the run up in price, but global LNG demand shot up, causing the huge run up in NG prices in some markets. Realistically, the USA adding LNG volume right now is a good thing as it can help Europe separate from Russian NG, and after that NG in other dictatorships. The shift to renewable and electrification of heating is going to take a while, and at the same time, Europe is quite rapidly electrifying transportation, which will add some more electricity generation as well, although some of that would be balanced by decreased refining.