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The USA has doubled LNG supplies to Europe


Február, 23 2023
watermark Economic news

During 2022, the United States doubled LNG supplies to Europe to 70 billion cubic meters. This was stated by US Deputy Secretary of State for Energy Jeffrey Pyatt.


According to Pyatt, American liquefied natural gas has become an important factor in Europe's ability to diversify energy sources after abandoning Russian energy carriers. 


According to statistics, the United States shipped more than 70 billion cubic meters of LNG to Europe, which is twice as much as in the previous year, and most of this cargo passed through Greece. It is estimated that the export potential of U.S. LNG will increase by about 50% by 2025. 


At the moment, the United States actively supports the development of many energy projects, which will allow the States to remain one of the two largest LNG exporters in the coming years (along with Qatar). 


In particular, it is worth mentioning the floating regasification station of liquefied natural gas (FSRU) of Alexandroupolis, the Trans-Adriatic Pipeline (TAP), the Greek-Bulgarian Connecting Pipeline (IGB). The United States also supports a connecting pipeline with Northern Macedonia.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.