The USA has rapidly become the world's top exporter of liquefied natural gas (LNG), tied with Qatar. Europe replaced Asia as the top market for US LNG in 2022, after pledging to boycott Russian energy over the proxy war in Ukraine.
Europe is now paying significantly more for expensive US LNG than it had been for Russian pipeline gas. As of 2022, Europe had the highest energy prices on the planet, fueling an inflation crisis.
Europe is now paying significantly more for expensive US LNG than it had been for Russian pipeline gas. As of 2022, Europe had the highest energy prices on the planet, fueling an inflation crisis.
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