Analysis-U.S. LNG exports to Europe on track to surpass Biden promise

Published by
Reuters

By Jarrett Renshaw and Scott DiSavino (Reuters) – When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with scepticism. After all, the U.S. LNG industry was already hitting its export limits and the global market is dominated by long-term contracts that can dictate where exported gas would go for twenty years at a time. It turns out, however, that Biden’s promise may have been far too modest. The United States is on track to blow past Biden’s…

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