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News & Notes

Notes on headlines and reports
LNG Invasion

US Secretary of Energy Moniz has issued the fateful number: 100 billion cubic meters of US-LNG exports a year.

“If we put 100 billion cubic meters into the LNG market, that inherently could lead to a more liquid global market,” said US Secretary of Energy, Ernest Moniz, recently in an interview for Platts in Rome, adding that “prices would never equilibrate because of the large transportation costs, but nevertheless it could go in that direction.”

With this statement, Moniz has finally given a concrete indication of the magnitude of future US-LNG exports. Their potential impact on world markets can be grasped by means of a comparison: Qatar, the world’s largest LNG exporte, ships 105 billion cubic meters a year. Germany’s annual demand, by the way, amounts to approximately 93 billion cubic meters a year. 

»THE CRISIS IN THE CONCEPT OF THE

WORLD ORDER (IS) THE ULTIMATE

INTERNATIONAL PROBLEM OF OUR DAYS.«

Henry Kissinger,„World Order“, August 2014