Study: US LNG has potential to help Europe strengthen energy security
Wednesday, October 5, 2022
A new analysis of Europe’s natural gas market, released by the American Petroleum Institute and the International Association of Oil and Gas Producers, highlighted the potential of U.S. liquified natural gas to help Europe strengthen its energy security, according to World Oil.
In its study, Rested Energy found new long-term supplies from abundant and affordable resources could fully replace Russian natural gas and rebalance the European market despite a challenging short-term outlook.
The study concluded that the U.S. will need to expand its LNG export capacity and the EU will need to expand its import capacity over the next several years to meet their shared energy security commitments.
Learn more: World Oil > U.S. LNG to meet Europe’s energy needs in short and long term
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