Turns out you do, in fact, need fuel to burn.
Reuters (4/1/22) reports: " U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is in high demand as European countries try to cut gas imports from Russia following its invasion of Ukraine while also looking to rebuild low inventories. U.S. LNG exports to all destinations were about 7.43 million tonnes (MT) last month, according to Refinitiv, up from 6.4 MT in February and topping the prior record of 7.25 MT in January. Europe was the top importer of U.S. LNG for a fourth straight month, taking about 65% of U.S. exports. About 12% of exports went to Asia, and 3% to Latin America, the data showed. About 20 vessels responsible for 20% of volumes had not signaled a destination. 'The U.S. continues to emphasize European buyers,' said Reid I'Anson, senior commodity analyst at data provider Kpler. While U.S. LNG exports to Europe have ripped higher since November, analysts said more is needed with European gas inventories only about a quarter full, below the five-year average of about 34% for this time of year. The European Commission has proposed inventories be 80% full by Nov. 1, which could keep demand strong after the winter heating season ends. Germany in February said it would build two LNG import terminals and boost reserves to cut dependence on Russian gas."
|
|
|
|
|
|
"The inconvenient truth for progressives is that petrochemicals are ubiquitous and indispensable. Replacing oil and gas as an energy source poses enormous technological challenges. Replacing them as a product feedstock would be next to impossible. As much as progressives loathe fossil fuels, they can’t live without them."
– Allysia Finley,
Wall Street Journal
|
|
|
|
|
|
