🇺🇸🇪🇺 US LNG supply to Europe - brief overview

The production of liquefied natural gas (LNG) in the United States is gaining momentum following the rise in gas prices in world markets, according to S&P Global Platts.

▪️In the United States, the Calcasieu Pass terminal with a capacity of 12 million tons per year of LNG is put into operation. The Golden Pass (12 million tons), Plaquemines LNG (13.3 million tons), Corpus Christi (11.5 million tons) terminals are under construction. Completion of the projects is planned for 2023/25. The total volume of LNG produced in the USA will be 49 million tons/year. This is approximately 50% of Gazprom's supplies to Europe in 2021.

Lake Charles, Driftwood LNG, Freeport Terminal Line 4, Texas LNG and Rio Grande LNG projects are being studied right now. Their total capacity will be 80 million tons/year. If these projects succeed, then theoretically the US can cover most of the EU's gas needs. But this amount will not cover the demand on other markets.

▪️The cost of gas in the US at the Henry hub for traders on long-term contracts is about $511 per 1,000 m3. The spot price of LNG at the same terminal is now approximately $2,734 per 1,000 m3. Traders who have long-term contracts for LNG production are now earning more than $2,200 per 1,000 m3 by selling gas directly from the terminal.

▪️With such a difference in prices, the cash flow of traders who receive LNG from a project like Freeport in a year could be about $29 billion, while the construction of the plant itself cost is $12.5 billion.

▪️While high inflation and pandemic-induced disruptions to supply chains make the previous US$600-800/t unit cost target for LNG plant construction in the US impossible, even a 3x higher cost at current prices would allow new projects to become profitable within 12 months or even less.

▪️The accident at the Freeport terminal on June 8 led to a reduction in LNG production. This terminal provided approximately 23% of all LNG produced in the United States. As a result of overpressure in the pipeline from the tank to the offshore export terminal, LNG leaked and ignited. News of the accident was one of the catalysts for further growth in gas prices in Europe. This news had a strong impact on the volume of investments directed for the construction and modernization of LNG terminals in the US.

🔺The European energy market is now being aggressively conquered by companies from the US and the UK. Turkey's proposal to create a gas hub on its territory is also aimed at the European market. The US and UK have been working for more than 10 years to push European buyers out of long-term contracts with Gazprom. Green energy served as a cover operation to achieve this goal. As they were pushed out, spot prices on the exchange raised. And now the US is increasing LNG supplies, taking advantage of the high prices. But to meet the demand for LNG in Europe, it is necessary to increase and modernize production in the United States. Under current conditions, all costs associated with this will be paid from the pocket of European consumers.

#USA

@songofoil

#Russia #Ukraine 🇷🇺🇺🇦: A combatant of #Ukrainian Forces released a new video of their mortar usage recently.

The UA unit seems to be likely using rare #Iran-made 🇮🇷 60mm HE mortar bombs with AZ111-A2 fuzes and an uncommon #Croatia-made 🇭🇷 M84 mortar.

https://twitter.com/war_noir/status/1588896892968374272

🇺🇦❌🇮🇷 — 🇬🇧 BBC News: Ukraine war: Zelensky accuses Iran of lying over Russia support
— "Ukraine President Volodymyr Zelensky has accused Iran of "lying" and "terrorist cooperation" by supporting Russia's war in Ukraine.

It comes after Iran admitted for the first time it had supplied drones to Moscow, but only before the invasion.

The West believes Russia has used Iranian "kamikaze" drones to hit key infrastructure sites in Ukraine, but Iran and Moscow previously denied it.

Blackouts have hit much of Ukraine after the attacks on power stations."

Link
https://archive.is/bXMBw

🇩🇿💰📃 — Today, November 7, 2022, People's Democratic Republic of Algeria has applied to join the BRICS (Brazil, Russia, India, China, South Africa).

Link
https://archive.is/cJLpb

🇺🇸🗳📃 — 🇺🇸 The US State Department: We will not tolerate interference in our elections, regardless of the source of that interference

🇺🇸 Trump tells allies he could announce 2024 bid tonight: source

https://nypost.com/2022/11/07/trump-tells-allies-he-could-announce-2024-bid-tonight

🇺🇸🗳📃 — 🇯🇵 Nikkei Asia: U.S. midterm elections latest: NY stocks rise on Republican momentum
— "Americans finish voting on Tuesday in the midterm elections, with control of Congress at stake.

The elections are so called because they fall in the middle of the president's term. President Joe Biden's Democratic Party holds the leadership in both chambers, the House of Representatives and the Senate, by razor-thin margins. If the opposition Republican Party takes control of either chamber, Biden's ability to push through his favored legislation will be greatly diminished.

The run-up to the elections has brought instances of potential intimidation or interference with voters and election officials in North Carolina and other states, Reuters reports. The alleged incidents involve grassroots poll observers, many recruited by Republican figures and activists embracing false conspiracy theories that the 2020 presidential election was marred by fraud."

Link
https://archive.is/KbSCO

🇷🇺🇺🇸🤖🗳 — 🇺🇸🌹 NYT: Russia Reactivates Its Trolls and Bots Ahead of Tuesday’s Midterms
— "The user on Gab who identifies as Nora Berka resurfaced in August after a yearlong silence on the social media platform, reposting a handful of messages with sharply conservative political themes before writing a stream of original vitriol.

The posts mostly denigrated President Biden and other prominent Democrats, sometimes obscenely. They also lamented the use of taxpayer dollars to support Ukraine in its war against invading Russian forces, depicting Ukraine’s president as a caricature straight out of Russian propaganda.

The fusion of political concerns was no coincidence.
The account was previously linked to the same secretive Russian agency that interfered in the 2016 presidential election and again in 2020, the Internet Research Agency in St. Petersburg, according to the cybersecurity group Recorded Future."

Link
https://archive.is/2n0Wd

🇷🇺🏴‍☠️🇺🇸🗳 — 🇬🇧 Reuters: Russia's Prigozhin admits interfering in U.S. elections
— "Russian businessman Yevgeny Prigozhin said on Monday he had interfered in U.S. elections and would continue doing so in future, the first such admission from a figure who has been formally implicated by Washington in efforts to influence American politics.

In comments posted by the press service of his Concord catering firm on Russia's Facebook equivalent VKontakte, Prigozhin said: "We have interfered (in U.S. elections), we are interfering and we will continue to interfere. Carefully, accurately, surgically and in our own way, as we know how to do."

The remark was posted on the eve of the U.S. midterm elections in response to a request for comment from a Russian news site."

Link
https://archive.is/DJ99d

🌹 Pro-abortionists lit up the night sky with drones in Philadelphia on November 6th. "Abortion = Freedom"

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— "A powerful gang leader announced Sunday that he was lifting a blockade at a key fuel terminal that has strangled Haiti's capital for nearly two months.

The announcement by Jimmy Cherizier, a former police officer nicknamed "Barbecue," followed government claims of at least some success in efforts to reclaim the terminal, as well as a United Nations resolution targeting Cherizier with sanctions. But it remained unclear who actually controls the terminal and the surrounding area, and there had been no evidence that any fuel had been able to leave.

In a speech posted on social media, Cherizier called on truck drivers to come and fill their tanks."

Link
https://archive.is/cHiQn

🇺🇳❌🇭🇹 — 🇶🇦 Al-Jazeera (October 21, 2022): Who is Haiti’s sanctioned gang leader Jimmy ‘Barbecue’ Cherizier?
— "The UN Security Council has voted unanimously to impose sanctions on Haitian gang leader Jimmy “Barbecue” Cherizier, as the international community pushes to bring an end to surging violence in the crisis-hit Caribbean country.

The resolution on Friday established a mechanism to punish individuals and groups that “threaten the peace, security or stability of Haiti” – and Cherizier was the first person to be sanctioned under the scheme.

The leader of the so-called “G9 Family and Allies” gang alliance has become one of the faces of the multi-layered issues plaguing the country, which is suffering from political turmoil, a cholera outbreak and chronic insecurity."

Link
https://archive.is/Dnigq