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U.S. Set to Ink LNG Deals With Europe Soon, BofA Says

  • Supply may not be available until 2025, commodities head says
  • Lack of deals may be holding back U.S. terminal builds: FERC
An LNG tanker docked in Swinoujscie, Poland.

An LNG tanker docked in Swinoujscie, Poland.

Photographer: Bartek Sadowski/Bloomberg
Updated on

U.S. liquefied natural gas exporters should start signing a number of deals with European buyers over the next weeks or months as the bloc seeks to slash its dependence on Russian supplies, according to Bank of America.

But with existing American terminals operating at full capacity and proposed projects still pending a final investment decision, it will take until about 2025 before the supplies are available, Francisco Blanch, head of commodities research at Bank of America, said in an interview.