Reuters: Trump Statement that Europe to Become Massive Buyer of U.S. LNG May Not Pan Out
Posted on Jul 26, 2018 in LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on Reuters: Trump Statement that Europe to Become Massive Buyer of U.S. LNG May Not Pan Out
Reuters reports that contrary to recent statements by European Commission President Jean-Claude Juncker that the EU would build more terminals to handle America’s LNG, and by President Trump that Europe would be a massive buyer of U.S. LNG, the reality is that “three-quarters of Europe’s existing import facilities lie empty while demand for U.S. LNG on the continent remains limited. The most lucrative markets for U.S. LNG are in South and Central America, India and the Far East, with Europe near the bottom of the pile given its relatively low prices and ample supplies of gas via pipelines from Russia and Norway.”