EU LNG imports from U.S. increase 181 percent

2019-03-10 03:51:31

(MENAFN) EU imports of liquefied natural gas (LNG) from the U.S. have increased by 181 percent, since they decided to boost their cooperation in July last year.

The European Commission said: "With a share of 12.6 percent of EU-LNG imports in 2019 so far, the U.S. is Europe's third biggest supplier of LNG. The European Union is ready to facilitate more imports of liquefied natural gas from the US, if the market conditions are right and prices competitive."

"This will allow US exporters to further diversify their European markets whilst contributing to the EU's objectives of security of supply and diversification. Currently, U.S. legislation still requires prior regulatory approval for liquefied natural gas exports to Europe. These restrictions need to be addressed and US rules made easier for US liquefied natural gas to be exported in larger quantities to the EU," it added.

Compared to the period before the July 2018 Joint Statement, growing EU imports of US LNG are up by 181 percent at 7.9 billion cubic meters until early March 2019.

MENAFN1003201900450000ID1098231636

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.