Ok, out from behind the paywall.
French government says 'non' to a prospective $7bn LNG deal between Engie and a US gas supplier.
At issue: Considerations that West Texas doesn't have it methane house in order.
BIG NEWS: France just killed a massive $7 billion 20-year contract to import #LNG from Texas bc our #fracking wells leak too much climate-killing methane as the EU enacts its European Green Deal.
If I were debating someone tonight I might bring that up.
The news that France is holding up gas imports from the U.S. over climate concerns is a preview of a next phase in climate geopolitics, where governments use trade policy to penalize countries that fail to limit emissions.
Stunning! As I said in my talk, 5 things will determine future of LNG:
1. Methane leakage
2. Domestic/US climate policy
3. Technology to monitor leaks
4. COVID recovery policy
5. China/EU net-zero climate policy
Thanks @MBazilian for inviting me!
A terribly important story for the question of: whither natural gas?
The @payneinstitute provides the most trusted global gas flaring data from our satellite data analysis team.
French government blocks U.S. LNG deal as too dirty politi.co/37u7G8c via @politico
French government blocks U.S. LNG deal as too dirty. The French government stepped in to force a 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