America could cover Europe’s LNG demand at a cost of below $3/MMBtu

Tuesday, 03 January 2023

North America’s large gas resources could meet over 30 years of domestic and LNG export demand at a cost of less than $3 per million British thermal units (MMBtu), McKinsey reckons. But this would require investment in new feeder pipelines and buyers committing to 20-year offtake deals, which European utilities are reluctant to do. 

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