The 20-year agreement for NextDecade Corporation to sell U.S. liquefied natural gas might have greater implications than many analysts anticipate
The signing of a 20-year deal for the U.S. ’s NextDecade Corporation to sell liquefied natural gas LNG to Saudi Arabia ’s flagship company, Aramco, could have a significance way beyond the confines of the energy market. Following Russia’s invasion of Ukraine on 24 February 2022, LNG is now the key strategic energy source in an increasingly dangerous world, as analysed in full in my new book on the new global oil market order.
shale, but also to its political standing in the world, as this was primarily based on its oil power. Consequently, it saw no choice by 2014 but to launch an all-out price war designed to severely damage the threat from the U.S. shale sector. Due to the unexpected ability of these shale producers to dramatically decrease their shale production costs, as fully examined in my new book, the massive fall in oil price caused by concerted overproduction from Saudi Arabia and OPEC only made the U.S.
LNG U.S. Energy Gas Geopolitics
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