Gas Gap in Europe Drives U.S. LNG Exports to Record High -

"About half of the record U.S. LNG volumes shipped last month went to Europe, up from 37% earlier in 2021."

Why this is important: The onset of a challenging winter for energy supplies to Europe is a real opportunity for U.S. shale producers. Establishing a history of reliable deliveries of low-cost LNG from domestic producers to members of the European Union will serve to divert future orders from their international competitors. In addition, the export of domestic LNG from the U.S. to Europe provides a valuable foreign policy tool in ongoing negotiations with Russia over the regulatory approvals necessary to place the Nord Stream 2 pipeline into operation. A competitive supply of LNG from the U.S. helps diversify the sources of natural gas available to the European Union and increases the nation's ability to resist attempts by Russia to use natural gas exports as economic and political leverage.