Last month, we found that LNG = liquefied natural gas exported from the United States to Europe surged about four times the same month last year.
As tensions continue over the situation in Ukraine, the Biden administration is stepping up its support for Europe and restraining Russia.
The United States and the EU-European Union have warned that Russia will impose economic sanctions in the event of a military invasion over the ongoing tensions in Ukraine.
However, if Russia opposes and restricts the export of natural gas to the EU, it could disrupt the energy supply in winter, so the Biden administration has indicated that it will prioritize LNG exports to Europe.
As a result, LNG exported from the United States to Europe last month surged to 4.98 million tonnes, about four times the same month last year, according to Reuters data.
Regarding LNG, Japan has also decided to accommodate some of it for Europe, and the Biden administration is restraining the Russian side, emphasizing that even if Russia stops exporting, it can respond with such support.
However, in the United States, where record inflation is occurring, it has been pointed out that increasing LNG exports will accelerate the rise in domestic energy prices, and long-term support seems to involve risks.