US LNG Exporters Struggle to Win 20-Year European Deals as Buyers Fear Over-Reliance
Updated
Updated · Bloomberg · Jun 12
US LNG Exporters Struggle to Win 20-Year European Deals as Buyers Fear Over-Reliance
3 articles · Updated · Bloomberg · Jun 12
Summary
US LNG developers returned from recent industry meetings with little more than expressions of interest, failing to lock in the long-term European contracts needed to advance new export projects.
European buyers have grown wary of tying energy supply too closely to the US, leaving negotiations over the past few months short on firm commitments despite strong demand for additional LNG.
That reluctance undercuts a key assumption for the next wave of US export capacity, which had counted on Europe as a cornerstone market after the region's rush to replace Russian gas.
The hesitation also follows a tougher contracting backdrop: Greece's Atlantic SEE LNG Trade said this week Middle East conflict and the Strait of Hormuz disruption have made 20-year US LNG deals harder to secure.