Europe is determined to wean itself off Russian natural gas following Putin’s decision to invade Ukraine, and U.S. LNG is one of the major alternatives. Biden has already committed to sending an additional 15 billion cubic meters of natural gas exports to the EU this year, a move that sent prices higher. Natural gas prices hit the highest level in thirteen years last week and, while the coal price rally was partly to blame, rising LNG exports played a part. Meet Europe, the newest and unlikeliest star on the LNG stage. Europe recently had to reconsider its emissions-cutting ambitions in light of the danger of an unprecedented energy crunch. U.S. natural gas producers are only too happy to help. Cue worries about a domestic shortage. European Union governments have been discussing for weeks ways to cut their reliance on Russian oil and gas. There have been claims that the […]