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saltysaltyesterday at 3:04 PM4 repliesview on HN

A LNG terminal would help. Lots of bad infrastructure decisions have left us extremely exposed to those external shocks you mentioned.


Replies

rsynnottyesterday at 3:18 PM

An LNG terminal wouldn't help with cost (it would probably increase it a bit, if anything, as the cost of building it would have to be paid back). It's desirable from an energy _security_ perspective; as it is we are very dependent on a pipeline to Britain.

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mrguyoramayesterday at 3:40 PM

American energy exports are turning around in the mid-atlantic to go somewhere else instead because Europe is getting outbid.

"My energy prices are high" because you are getting outbid. You can't stop getting outbid by building more transport infrastructure. That terminal will go unused.

a_paddyyesterday at 4:15 PM

An LNG terminal would make us more beholden to foreign powers.

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short_sells_pooyesterday at 3:15 PM

An LNG terminal would not help for the current high prices. Europe is experiencing a gas price shock precisely because LNG is easy to store and transport. Asia gets half it's gas through the Strait of Hormuz, which is currently experiencing troubles. This means Asia is willing to pay a lot of premium for LNG, which in turn means that Europe has to match this premium otherwise LNG will go to Asia and not Europe.

Being dependent on gas is equal to being exposed to global shocks, unless you can cover your domestic needs purely with domestic gas extraction.

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