Top US gas exporter eyes Europe growth, ‘with the right contracts’

Euractiv | Oct 31, 2022 at 8:04 AM
  • Cheniere, the leading exporter of liquefied natural gas (LNG) in the United States, is “willing to build incremental facilities” to satisfy growing European demand, it told EURACTIV, warning however that additional capacity would not enter service before “the latter portion of this decade”.
  • The US became the world’s largest exporter of liquefied natural gas (LNG) during the first half of 2022, filling part of the vacuum left by Russia, whose exports to Europe have plunged following its February invasion of Ukraine.
  • In March, just weeks after the Russian invasion of Ukraine, the US committed to supplying 15 bcm of LNG to EU markets this year, while the EU offered “stable demand for additional US LNG” of approximately 50 bcm per annum “until at least 2030”.