The US Is Now Sending the Bulk of Its Export Gas to Europe
The US sent nearly three quarters of all its liquefied natural gas to Europe in the first four months of 2022, up from one third last year.
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Europe has dethroned Asia as the biggest destination for US liquefied natural gas as the energy-starved region seeks to slash its dependence on Russian supplies.
The US sent nearly three quarters of all its liquefied natural gas to Europe in the first four months of 2022, with daily shipments to the region more than tripling from last year’s average, the US Energy Information Administration said Tuesday. Last year, the bloc was the destination for only a third of American supplies. The increase means the US now accounts for nearly half of Europe’s LNG imports, about twice the share seen in 2021.