So my takeaway from this is that the trade in LNG is going to expand. Good news for US natural gas producers. This price differential is not sustainable given the ability to ship LNG.
This article below mentions that shipping LNG between continents is now profitable and transporting energy via a gas network is more efficient than electrical transmission (<0.1% loss vs 8%). Electric transmission has benefits in other regards/uses though.
I’m also interested in the idea that we could overbuild solar/wind arrays and make SNG (Sabatier reaction) or town gas with the excess energy. Even if the process is currently 30-40 % efficient, renewable energy has come down in cost enough to make a 2x or 3x larger array more reasonable, all things considered (e.g. environmental concerns).
>transporting energy via a gas network is more efficient than electrical transmission (<0.1% loss vs 8%).
That's only one half of the equation though. You'd have to integrate the efficiency loss from transmission with the effiency loss from burning gas in multiple smaller generators rather than one large one with electrical distribution.
What P2G can do is allow one to stack several benefits from the one-time cost of making the gas: storage at the generation site, transmission, and storage at the far end of the pipeline.
