American LNG Exporters Turn to Europe as Asian Demand Sputters
- Sharp reduction in Dutch gas production opening market to U.S.
- American suppliers no longer see need to brush up on Korean
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For years, U.S. gas companies looking to export liquefied natural gas dreamed of a booming Asia. Now, with demand there falling and the first shipment weeks away, Europe has emerged as an unlikely savior.
European gas production is down and countries there want to get more of the heating and power plant fuel from places other than Russia –- a major supplier, but one that’s brought plenty of headaches.