02-23-2016, 12:47 AM
Interesting article but I'm dumbstruck by the statement "U.S. LNG suppliers need as much as $6.9 per million British thermal units to buy gas on the market, cool the fuel to its liquid form, deliver it to Europe and re-gasify, James Henderson, an oil and gas industry analyst at the Oxford Institute for Energy Studies, said by email Friday. “However, producers would be prepared to sell down to the cash cost—excluding liquefaction—which is about $3.4 now.”
As much as $6.90 to buy, cool and deliver from the US to Europe? I read this stuff and wonder what it really takes to be an expert analyst.
As much as $6.90 to buy, cool and deliver from the US to Europe? I read this stuff and wonder what it really takes to be an expert analyst.