Even the rabidly anti Russian Baltic Republics seem to have shut up about bashing Putin with US gas, while Rotterdam has signed up as the trans-shipment center for cheap LNG from the new Russian LNG plant in the Arctic.
Two of the biggest customers at present of US fracking gas , Shell and Gas Natural, who have 20 year ‘take or pay’ contracts, have been shipping most of their gas instead through the Panama canal to the Far East, where prices until now have been up to $3 per mbtu higher.
Ironically the first giant LNG export plant in Sabine Pass, Louisiana, was first hit a glancing blow by the classic ‘climate change hurricane’ Harvey. . Though the company Cheniere claimed there was no damage there was still a queue of LNG tankers waiting to load at the port a month later and LNG journals were rejoicing that things were ‘getting back to normal’. (see Recovery Continues as Sabine Pass)
Cheniere forced to close two Sabine Pass LNG tanks following dangerous leak
Then there is the ongoing leaking tank disaster. The 6 mega plant ‘trains’ at Sabine Pass have been built in record time. Too fast it seems because last week the company was ordered to close down two of the five immense tanks where the gas is compressed by 600 times and held at minus 150 C until loaded onto the tankers. Continue reading “Failure of US bid to flood Europe with Gas from Fracking”
The Free 