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Dynagas Partners
Biden-EU energy pact: LNG shipping game changer or wartime hype?
The U.S. government doesn’t control where cargoes of LNG are shipped — that’s decided by private companies. Nonetheless, the Biden administration and the EU announced a high-profile plan Friday to steer more U.S. LNG exports to Europe and partially replace pipeline gas from Russia.
The short-term pledge — to ship at least 15 billion cubic meters (bcm) more U.S. LNG to the EU this year — looks very doable. But that’s just one-tenth of the 155 bcm of natural gas the EU bought from Russia in 2021.
Th...
https://www.freightwaves.com/news/biden-eu-energy-pact-lng-shipping-game-changer-or-wartime-hype