Can American liquefied natural gas rescue Europe?

November 10, 2022economist.com

Business | Freedom lighters

The Asia Vision LNG carrier ship sits docked at the Cheniere Energy Inc. terminal in this aerial photograph taken over Sabine Pass, Texas, U.S., on Wednesday, Feb. 24, 2016. Cheniere said in a statement last month. Cheniere Energy Inc. expects to ship the first cargo of liquefied natural gas on Wednesday to Brazil with another tanker to be loaded a few days later, marking the historic start of U.S. shale exports and sending its shares up the most in more than a month. Photographer: Lindsey Janies/Bloomberg via Getty Images

Nov 10th 2022|CORPUS CHRISTI|6 min read

“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”