Why Europe’s Dependence On U.S. LNG Is Risky ...Middle East

OILPRICE - Economy
Why Europe’s Dependence On U.S. LNG Is Risky
source : OILPRICE ( Middle East ) () 29
In the current year, the United States boasts status as the world's biggest liquefied natural gas (LNG) exporter as deliveries to both Europe–in the throes of a severe energy crisis–and Asia surge. So far in 2022, five developers have signed over 20 long-term deals to supply more than 30 million metric tons/year of LNG or roughly 4 Bcf/d, to energy-starved buyers in Europe and Asia.  Europe’s desperate attempt to rid itself of Russian gas became even more urgent this week, as Moscow announced that flows through Nord Stream…

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