Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise made by President Biden to the European Union that U.S. LNG producers will supply at least 15 billion cubic meters of liquefied natural gas to the EU this year more than previously planned, per a White House fact sheet from late March. For context, Russia exported over 59 billion cubic meters of natural gas to Germany alone last year, a record high. “The European Commission will work with EU Member States toward the goal of ensuring, until at least 2030, demand for approximately 50 bcm/year of additional U.S. LNG that is consistent with our shared net-zero goals. This also will be done on the understanding that prices should reflect long-term market fundamentals and stability of supply and demand,” the fact […]