Can American liquefied natural gas rescue Europe?
Eventually, yes. But first a few obstacles must be overcome
“ONE CARGO of LNG heats 1m people in Europe for a month,” beams an employee of Cheniere, America’s biggest exporter of liquefied natural gas, pointing to a specialised vessel docked at its huge export terminal in Corpus Christi, Texas. The firm has poured $17bn into the facility and in October held a groundbreaking ceremony to mark an additional $8bn expansion. More lng sets sail from Cheniere’s even bigger plant in Louisiana.
This article appeared in the Business section of the print edition under the headline “Freedom lighters”
Business November 12th 2022
- A sleuth’s guide to the coming wave of corporate fraud
- A series of shortages threatens EU supply chains
- As tech lay-offs spread, Meta sacks 11,000 workers
- The sportswear giants are running into hurdles
- Can American liquefied natural gas rescue Europe?
- The UN takes on corporate greenwashing
- Elon Musk’s challenge to management thinking
- Even with political gridlock, America Inc should still fear the bossy state
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