Germany signs its first long-term LNG purchase agreement with US exporter

That's awesome! I hope our LNG keeps you German folks, nice and warm 😁.

originally posted by: 1947boomer

originally posted by: rickymouse
Our government should not allow an agreement like this to happen. Our government works for us the people, a contract could cause less available natural gas for Americans trying to heat their homes. We cannot create enough electricity by solar and wind to supply all of the needs of our people, and nuclear energy is not that great till we can properly take care of the nuclear waste...not just store it somewhere which could cause problems for the next few generations.

First, the agreement was between a German utility company and a US company (Venture Global LNG). So you’re advocating that the US government interfere with private enterprise and the free market? Isn’t that Socialism?

Second, we have a surplus of natural gas. The US became a net exporter of natural gas under President Trump and has remained that way ever since. Selling this gas to Germany will not impact availability of gas in the US:

www.eia.gov...

Third, while it is currently necessary to have some fossil fuel power plants (coal and gas) to pick up the slack when renewable sources are maxed out, and it will continue to be necessary for some years to come, projections show that renewables will make up an increasingly larger fraction of our energy mix at least through 2050:

www.ny-engineers.com...

That’s largely because solar and wind are currently the cheapest source of new energy:

www.ennuityholdings.com...

WRONG! Number 1, it's for all of Europe, not just Germany. 2. The PRIVATE sector didn't even know about it.

While committing the US to help Germany and other European nations wean themselves off of Russian natural gas seems to be a noble goal, there is just one problem: The President apparently didn’t talk the US LNG industry about it before he made the agreement. Reading the quotes from executives at Tellurian in the New York Times article linked here, it is apparent that they were caught off-guard by the President's announcement. “I have no idea how they are going to do this, but I don’t want to criticize them, because for the first time they are trying to do the right thing,” said Charif Souki, the Times quotes executive chairman of Tellurian as saying.

originally posted by: vNex92
In not so surprising move Germany had signed its first long term LNG purchase agreement with the US exporter.
The German utility will buy 1.5 million tons/year from Venture Global starting 2026.

The German news media outlets haven't yet announced nor told about the price what the consumers in Germany would be following the deal.
In the article by bloomberg.

The Long term plan is a bid to buy LNG directly from US in a effort to curb curb imports from Russia.
The kicker that this is a 20-year sales and purchase agreement


Almost as if the US sabotaged Nord Stream 2 in order to the sell American to the Germans in a long term agreement likely a one move where it wont be easy to get off.





German Utility Signs Long-Term Deal to Buy LNG From the US

Well, put this one in the lap of Russia. This would never have happened without their illegal invasion of Ukraine.

Well done, Vladdy!