Anyone pushing the notion that gas / LNG will not make up part of the energy mix globally or domestically in Australia is either as blind as Freddy or simply has no understanding of the fundamentals of energy sourcing. The below snippet I found today on planned European LNG facilities clearly illustrates this. There may be those still concerned that Comet’s projects will be surplus to requirements for the domestic energy mix.. well you can bet your bottom dollar that’s not the case.
*** Planned LNG Facilities in Europe - Map view *** • There are 32 LNG projects that are either under construction or in the planning stage around Europe • These facilities are set to be added to the 31 operational LNG import terminals that currently exist in Europe • There is a similar boom in new liquefaction plants with two multi-billion dollar final investment decisions announced on major US LNG export projects • With the boom in new LNG project announcements, some experts are beginning to voice the possibility that Europe will soon be oversupplied#lng #liquefaction #regasification #naturalgas
COI Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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