US Natural Gas Ships to Europe Over Coming Russia War

“The map above shows tanker ships hauling liquified natural gas from the US to Europe.  This gas costs Double to Triple what it would cost if bought from Russia. Gas from Russia costs about $270 per 1,000 cu. meters.   Gas from the USA costs over $1,000 per 1,000 cu. meters! Russia has scaled back the amount of natural gas going to Europe because the Europeans have been barking about Ukraine.   The reduction in gas shipments is having a gigantic effect on Europe; with costs for heating and electric generation skyrocketing from US Gas being imported to cover the reduction in flow of Russian gas. People and companies in Europe have seen their heating and electric costs almost TRIPLE, and it’s only going to get worse.”

Hal Turner Radio Show – US Natural Gas Ships to Europe Over Coming Russia War

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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