The US can supply Europe long term with LNG at $7-$8/MMBtu, based on long-run marginal costs for additional infrastructure, US LNG pioneer Cheniere Marketing’s vice president for strategy, Andrew Walker, said Monday. “What US supply does very effectively is put a transparent price marker out there that says if you need gas in the future we can supply at this price,” Walker told a public hearing organized by the European Parliament’s energy committee. “If others are asking you for a higher price then you should come and see us,” he said. “We think this is a very effective negotiating tool for the EU to have as it looks at its existing suppliers, be those Russian, Norwegian, domestic or otherwise,” Walker said. Article Continues below… LNG Daily is essential reading as LNG supply dynamics continue to change in big markets like Japan, China, India and the U.S. This premier independent […]