The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (6709)	10/27/2020 4:35:59 AM
From: Snowshoe	2 Recommendations Recommended By E_K_S elmatador Read Replies (3) of 13803

The art of the deal... French government blocks U.S. LNG deal as too dirty Updated: 10/21/2020 08:17 PM EDT The French government stepped in to force a domestic company to delay signing a potential $7 billion deal with a U.S. liquefied natural gas company last month over concerns that its U.S. shale gas was too dirty, two people familiar with the situation told POLITICO. The incident was first reported by a French news site but independently confirmed to POLITICO by two people with direct knowledge. The delay highlights a growing concern among some U.S. natural gas exporters that the regulatory rollbacks pushed by the Trump administration, especially those easing Obama-era limits on the potent greenhouse gas methane, plus the industry's overall failure to rein in emissions, are making it more difficult to sell their product overseas as a cleaner alternative to oil or coal. The French trading firm Engie had been poised to sign the $7 billion, 20-year contract to buy LNG to be delivered from NextDecade’s planned Rio Grande export facility in Brownsville, Texas, one person with knowledge of the discussions said. That deal would be a boon for NextDecade, which has been trying to line up customers to take at least 11 million tons of LNG a year before it makes a final decision to build the plant. Full story: politico.com

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