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US tries to fill gap as Ukraine crisis threatens European gas supplies

US tries to fill gap as Ukraine crisis threatens European gas supplies

FromCapitol Crude: The US Energy Policy Podcast


US tries to fill gap as Ukraine crisis threatens European gas supplies

FromCapitol Crude: The US Energy Policy Podcast

ratings:
Length:
26 minutes
Released:
Jan 31, 2022
Format:
Podcast episode

Description

The Russia-Ukraine standoff has significant implications for the global gas and LNG markets, given Europe's reliance on Russian supply. It's peak winter demand season, and European gas inventories have been falling daily. Gas in storage stands at about 40% full, versus 53% full at the same time a year ago. The Biden administration said last week it was working with European allies to find additional natural gas supplies from North Africa, the Middle East, Central Asia and the US in the event military conflict breaks out and Russian flows get disrupted. Platts Atlantic LNG senior editor Harry Weber spoke with Charif Souki, executive chairman of US liquefaction terminal developer Tellurian, about the current state of the LNG market and whether the US dialogue can make a difference. Souki co-founded and formerly served as CEO of Cheniere Energy, the biggest US LNG exporter. At Tellurian, he is developing Driftwood LNG, an up to 27.6 million mt/year export facility in Louisiana. Stick around after the interview for Starr Spencer with the Market Minute, a look at near-term oil market drivers.
Released:
Jan 31, 2022
Format:
Podcast episode

Titles in the series (100)

In-depth weekly analysis of US energy policy news from S&P Global Commodity Insights senior editors covering the Capitol. Hosted by Jasmin Melvin.