Narrowing Gazprom’s 2023/2024 exports range
Narrowing Gazprom’s 2023/2024 exports range
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Natural Gas News
Narrowing Gazprom’s 2023/2024 exports range
Summary
Russian LNG supplies are being used to mitigate loss of piped gas. by: Thierry Bros
Narrowing Gazprom’s 2023/2024 exports range Since November 2022, we assumed Russian pipe flows to stay between 0.9bn m3/m (TurkStream only as Russia has little incentive to fully cut off Europe) to 4.5bn m3/month (TurkStream and the Ukrainian route at contracted capacity). As Ukrain...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.