What?? I do this professionally for a living. How can you sit here and tell me it’s only a regional market Why do you think a quarter of the worlds LNG tanker supply is currently lined up off the coast of Europe to offload natural gas? If this was only a regional market, those ships would not be running back and forth between the US and Europe on a continuous basis.

The average tanker can haul about 4,500,000 MMBTU of natural gas. It takes an average of 9 days for an LNG tanker to travel from the US to Europe. The longest LNG delivery route in the world is 33 days between Trinidad and Japan. So as long as the spread in prices remains positive between how much it cost to acquire natural gas in one place (plus the cost of transport) and how much you can sell it for once it gets there, then there is profit to be made. Hence it is now a globally traded commodity just like oil.