U.S. Stresses Importance Of LNG For Europe | OilPrice.com

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U.S. Stresses Importance Of LNG For Europe | OilPrice.com
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The U.S. stresses the need for LNG to be supplied to Europe to mitigate Russia's dominance in gas supply.

The U.S. and its allies are rallying together to invest in gas supplies.The U.S. stresses the need for LNG to be supplied to Europe to mitigate Russia's dominance in gas supply.Russian President Vladimir Putin belied that his invasion of Ukraine in 2022 would go largely unopposed by the U.S. and its allies for the same reason that he was able to invade the country in 2014 and annex Crimea. That is, that the non-U.S.

However, under considerable ‘encouragement’ from the U.S., Germany – the de facto leader of the EU – performed a 180-degree turnaround in its previously fiercely pro-Russian energy stance, bolstered in the first instance by a U.S.-led deal for LNG supplies from Qatar. LNG remains the most flexible form of gas for buyers, being readily available in the spot markets and able to be moved very quickly to anywhere required, unlike gas sent through pipelines.

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