Perceptions around the US LNG export approval pause are more damaging than the impact on the gas market today, as it makes the US look “unstable” as an ally or even non-committal to supporting Europe, according to a leading industry figure.
That was the concluding view of James Watson, Secretary General at Eurogas, speaking before the US Senate Committee on Energy and Natural Resources, who together with Charlie Riedl, Executive Director of the Center for LNG, set out a powerful case for lifting the approval pause.
“Eurogas believes strongly that the US and Europe should work together to deliver the missing volumes of gas that Europe will need to be independent of Russian natural gas imports,” said Watson.
“Failing to have enough US LNG in the market in 2026, 2027 and 2028 could result in increasing risk and prolonging the global supply imbalance. It is therefore important that the Department of Energy reconsiders the pause, as soon as possible, to ensure that we do not end up short of supply at a time when we need to have independence from Russian energy imports.”
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