The agreement to bring US gas to the EU will not solve the energy crisis, and could even raise the price of energy

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The key to the measure that the president of the United States,

, and that of the European Union,

, are going to announce today to reduce the dependence of the latter on

stems from something that happened in 2016 in Port Arthur, on the Texas-Louisiana border.

On the outskirts of that city, next to the natural channel of

, which connects the

with Lake Sabine - which is actually a bay - there is a regasification plant of the Cheniere company.

The facility was built to receive liquid natural gas at 160 degrees below zero from ships and return it to a gaseous state.

But in the past decade the United States has seen an unprecedented increase in oil and gas production due to the use of the technique known as 'hydraulic fracturing', or simply 'fracking'.

Today, that country

, and this year it will also become the 'number one' in gas, surpassing

(it would have achieved it even if

had not invaded

and despite the hostility of the

towards fossil fuels).

So

decided to transform

: instead of turning the gas from a liquid to a gas, he would do it in the opposite direction.

Once liquefied, the gas would be loaded onto ships for export.

The first shipment went to

.

The second, to Spain, a country that has more regasification plants than any other in the EU, but that cannot forward it to its northern partners because

has always vetoed the construction of gas pipelines in order to protect its electricity sector, based on nuclear energy.

Six years later, natural gas from the United States is going to play a major role in the war in

.

The US and the EU are going to announce today

's commitment to send more natural gas to Europe so that Europe can advance in its objective of stopping importing this energy raw material from

this year.

On top of that, the measures that are expected today will not end dependence on

, nor will they make energy cheaper, despite the fact that yesterday, after the announcement that the US was going to export more to the EU, the reference price in the gas futures market fell 4.6%.

The first problem is that the increase in exports that is being considered

is barely 30% of what the EU buys in

.

Second, that the gas industry in the United States is based on the free market.

That is, there are no production quotas or preferential agreements.

LNG is fixed,

, through contracts, and most of the production is already awarded.

ship

can change destination, but for that you have to pay.

As explained by

, director of intelligence at energy brokerage and consultancy

To Reuters, "almost all of the gas in the United States is already owned. It's under contract."

That means that "if Europe wants more gas, it will have to pay for it."

The reality is that there is a lack of gas all over the world.

The gas sector believes that the United States Government has a limited action maneuver to send

ships to Europe.

Last week, the Department of Energy authorized

to export more.

And

has asked its allies to be willing to give up certain gas shipments if the Europeans make offers for them.

But, at least in theory, the influence of these measures is limited.

Gas is expensive everywhere and the world is in danger of falling into stagflation

and even facing food shortages, so no government is out to do anyone any favours.

nuclear disaster occurred

in Japan in 2011, that country temporarily shut down its nuclear power plants and bought all the gas circulating in the ocean.

The ships, thus, were redirected to Japan, and the price skyrocketed.

Now, the same thing is happening, only on a much larger scale.

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