The US Henry Hub is at $3.42/million btu and the Dutch TTF is at $12.11/million btu right now. Those are the two main hubs in the US and the EU, thats why I used them, but it shows the massive cost of shipping LNG to Europe.
Gas power plants can not compete in Germany against wind or solar. The best they can do is back up, but electricity storage like batteries will take a lot of market share from that as well.
The US Henry Hub is at $3.42/million btu and the Dutch TTF is at $12.11/million btu right now. Those are the two main hubs in the US and the EU, thats why I used them, but it shows the massive cost of shipping LNG to Europe.
Gas power plants can not compete in Germany against wind or solar. The best they can do is back up, but electricity storage like batteries will take a lot of market share from that as well.