Nord Stream 2 completion could leave U.S. LNG looking for alternatives — Panjiva
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Nord Stream 2 completion could leave U.S. LNG looking for alternatives

China 2918 Energy - Conventional 432 Energy - Natural Gas 142 European Union 782 Russia 101 Sanctions 135 U.S. 5260

European natural gas prices have surged after Russia’s Gazprom reportedly reduced supplies to below pre-pandemic levels. That follows the completion of the Nord Stream 2 gas pipeline and waiving of U.S. sanctions linked to the project’s developers. Russia accounted for 39.9% of EU gas imports from outside the EU in the 12 months to March 31 while U.S. liquefied natural gas (LNG) resources accounted for 6.0%. Customers in Europe accounted for 29.6% of U.S. LNG exports in the 12 months to April 30 after growth of 14.2% in the three months to April 30 compared to a year earlier. A return to...

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