So what McKinsey fails to mention is that LNG is competing with coal and renewables and while $7-$10 is in the range of pricing where U.S. LNG exporters lose money, it is still too high to compete with coal and renewables in the major Asian markets
Wow, I didn’t really think about Cole as the dispatchable alternative to renewables but in retrospect that’s literally what China has been doing for the last five years. Duh.