I mean, their reserves have been holding steady for the last two winters, and the US has already picked up so much slack that it’s now the worlds largest exporter of natural gas. Even more export capacity on top of current capacity, to be completed years from now, isn’t that bad for Europe, especially when their demand is expected to drop from now on as the rate at which they adopt renewables continues to increase.
The extra capacity is primarily aimed at lowering the export prices in industrializing nations in Africa and South America so natural gas can get back to some semblance of cost parity with currently cheaper and more reliable solar. Bad for US gas companies yes, Europe, probably not.
I mean, their reserves have been holding steady for the last two winters, and the US has already picked up so much slack that it’s now the worlds largest exporter of natural gas. Even more export capacity on top of current capacity, to be completed years from now, isn’t that bad for Europe, especially when their demand is expected to drop from now on as the rate at which they adopt renewables continues to increase.
The extra capacity is primarily aimed at lowering the export prices in industrializing nations in Africa and South America so natural gas can get back to some semblance of cost parity with currently cheaper and more reliable solar. Bad for US gas companies yes, Europe, probably not.