There’s basically a bidding war now between Asia and Europe on who gets the most U.S. LNG, according to RANE. There’s basically a bidding war now between Asia and Europe on who gets the most U.S. LNG. That’s what Matteo Illardo, a Europe analyst with RANE, said in an audio clip sent to Rigzone this week, adding that production is “almost at maximum level in the U.S.”. Asked if a bidding war has implications for inflation for the U.S., Asia and elsewhere, Illardo said, “that’s definitely driving prices high”. “In the end, this is also causing disruptions, for instance, in countries that do not get their gas, because on the one hand, the bidding war means that Europe gets its LNG and gets it at high prices and who does not get the LNG not only has higher energy prices overall, but also has not enough supplies maybe to […]