RE: UK’s LNG Infrastructure + Export Pipelines Offer Europe a Bridge to Energy Security1 May 2022 13:16
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Fred Hutchison, chief executive of the US trade group LNG Allies, confirmed to Reuters that delegations from Latvia and Estonia, as well as diplomats from Bulgaria, Estonia, France, Germany, Hungary, Latvia, and the UK toured the Golden Pass LNG export project in Sabine Pass, Texas, in early April and met in Houston with US shale gas producers.
Top executives from Chesapeake Energy, Coterra Energy, EOG Resources, and EQT Corp. participated in the event which was intended to foster discussion of how US energy producers could assist Europe in replacing Russian imports of oil, coal, and LNG.
The meeting co-organized with the American Exploration and Production Council touched also on the topic of building new infrastructure in both Europe and in the US, echoing testimony that Pioneer Natural Resources Chief Executive Scott Sheffield gave the same day when he told a congressional hearing that new LNG facilities are needed in the northeast, according to Reuters and C-SPAN.
As for Europe, Germany—which had staked its energy security largely on Russian pipeline gas—now expects to commission its first LNG regasification plant in 2026. In March, Germany’s Economic Minister Robert Habeck was in Doha lining up a long-term supply contract with Qatar.
Meanwhile, Algeria has agreed to increase gas exports to Italy through the Trans-Mediterranean Pipeline to Sicily via Tunisia under an agreement announced during Italian Prime Minister Mario Draghi’s visit to Algiers for talks with Algerian president Abdelmadjid Tebboune.
Italy, like the rest of the EU, relies on Russia for about 40% of its energy imports. In 2021, the EU imported 155 Bcm of Russian gas which represented about 45% of EU gas imports, nearly 40% of total gas consumption, according to the Paris-based International Energy Agency.
https://jpt.spe.org/uks-lng-infrastructure-export-pipelines-offer-europe-a-bridge-to-energy-security
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