Europe’s Green Deal Is Bad News For U.S. LNG

U.S. LNG producers have had a tough few months, what with the pandemic and plunging prices because of an oversupplied market. Now, prices have improved substantially as production declines while exports have been rising for three consecutive months. The future, however, contains some storm clouds. French utility Engie recently pulled out of a major long-term deal with NextDecade that would have seen it import millions of tons of U.S. liquefied natural gas. The Wall Street Journal cited earlier media reports naming the French government as the power…