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“The regulatory environment matters a lot. And all of us in this industry and segment need to be supportive of improving, wherever we can, the regulatory process.”
Mike Sabel, Co-founder & Co-CEO and Founder, Venture Global
“LNG is not only a transitionary energy but also a destination energy. There is a lot of opportunity that exists today to take current technologies and boost them with renewables, or through existing facilities and other equipment configurations.”
Jillian Evanko, President & CEO, Chart Industries

This panel featured a buyer, a supplier, and two export companies. Moderator Alix Steel asked Mike Sabel and Matt Schatzman how they feel about two-dollar gas, since they’re the ones who must build export terminals. They said it is very helpful to exporters because it continues to make US LNG very competitive in the global market. Unfortunately, the short-term benefits in the energy market are not indicative of the long-term requirements.

The current lower cost of natural gas is leading to a great deal of innovation in the United States as producers try to compete for market share. Hendrik Gordenker sees a lot of uncertainty in the industry, difficulty in predicting future demand; and is certain that the US market will need greater contract flexibility and greater diversity of supply.

Jill Evanko spoke about Chart Industries’ strategies to work within the current state of the LNG industry, the uncertainty they face, and the need to diversify. They spend a lot of time on process technology and investigating different types of export facilities—from baseload to mid-scale, to micro and smaller scale terminals.

Mr. Gordenker, the buyer on the panel, spoke at length about dealing with the uncertainty of future LNG demand. Since buyers now have more energy choices, he said it becomes an issue of having the LNG storage potential, terminals, and transportation in place when and if demand requires. He said LNG should be combined with new types of renewable energy, and it can be used for purposes other than power, for example as a heating fuel to eliminate less-friendly alternatives like coal.

Finally, the conversation turned to what is most important to the customer, which was seen as low-cost, speed to market, and efficiency. With the climate discussion getting louder, the panel agreed it’s important for customers to understand the statistics regarding the environmental impact of LNG.

Panel Partecipants
President & CEO, Chart Industries

Jillian Evanko

Jillian is the President and CEO of Chart Industries, Inc (NASDAQ: GTLS), serving in this capacity since June of 2018. She joined the company in February of 2017 serving as the Chief Financial Officer. 

Chief, Global Strategist, JERA

Hendrik Gordenker

Hendrik Gordenker is Director, Senior Corporate Vice President, Chief Global Strategist of JERA Co., Inc., a position he assumed in April 2019. Mr Gordenker acted as Senior Advisor and External Expert for JERA from its founding in April 2015 to…

Co-CEO, Co-Chairman & Founder, Venture Global

Mike Sabel

Michael Sabel is a Co-CEO, Co-Chairman and founder of the Company. Mike has been Managing Partner of Venture Global Partners, LLC since 2010. Mike has over 24 years of experience in capital markets’ transactions including initial public and…

Chairman and CEO, NextDecade

Matt Schatzman

Matthew Schatzman was appointed Chief Executive Officer of NextDecade Corporation (NASDAQ: NEXT) on February 1, 2018. Mr. Schatzman was subsequently elected Chairman of the Board of Directors effective June 4, 2019. He joined the company as…

TV Anchor, Bloomberg

Alix Steel

Alix Steel is the co-anchor of “Bloomberg Daybreak Americas,” Bloomberg’s flagship morning show focused on the important financial and global news of the day. Steel also anchors the weekly show “Bloomberg Commodities Edge,” a thirty minute…