US LNG Exports Soar, Prices Surge

Record-breaking U.S. LNG exports to Europe drive up prices, straining profits for exporters. European energy companies accuse Venture Global of profiting from spot market while not fulfilling contracts. Higher energy costs, including new taxes and shift from pipeline gas to LNG, contribute to Europes economic struggles. Increased domestic demand in the U.S. for big tech data centers further impacts LNG prices. European customers face affordability challenges as U.S. gas prices rise, while European gas prices decrease due to ample supply, narrowing profit margins for LNG sellers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.