Comments regarding LNG from Gary Cohn, President Donald Trump's director of the National Economic Council 

  • By Admin
  • 29 Jun, 2017

U.S. Department of Energy Unleashing American Energy Event June 29, 2017

It is not because our LNG is cheaper than Russian gas, Russian gas is actually cheaper. What our LNG is, it is guaranteed to show up once you enter into the contract.  

The fact that we (U.S.) can not only be a big supplier to ourselves and take supply predictability out of the equation.  The fact that we can now be a friendly producer and friendly provider to allies around the world and take away the issue of energy being used as a economic weapon or a military weapon is a huge advantage for us.

You think about this week, dinner Monday night with Prime Minister Modi, his number one ask was LNG. Dinner tonight, President Moon from South Korea. I am completely prepared to talk about LNG with him. The reason I was late is General McMaster and myself were announcing the G20 schedule for next week where our first stop is in Poland. The first conversation is LNG. Second meeting in Poland is, they actually moved the Three Seas Conference, which is the 10 eastern European countries. They moved the meeting to Warsaw. I assume that LNG will come up in all of those meetings. It is not because our LNG is cheaper than Russian gas, Russian gas is actually cheaper.  What our LNG is, it is guaranteed to show up once you enter into the contract.  When you understand what the secretary (Perry) said about the predictability and the value of us being an exporting nation, it should not be underestimated.

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