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An explosion at Freeport LNG’s Texas plant is a setback for European nations counting on imports to reduce their dependence on Russian pipelines. For the U.S., the excess supply is a temporary respite, writes @rob_cyran: https://www.breakingviews.com/considere … -u-s-fire/
https://twitter.com/Breakingviews/statu … 8290410496
EU gas jumps from Russia frying pan to U.S. fire
Global, in Houston, Texas, U.S. March 9, 2022.
9 Jun 2022 | By
Robert Cyran
Follow @rob_cyran
An explosion in Texas knocked out nearly 20% of U.S. liquefied natural gas exports for three weeks or more. That’s a setback for European nations counting on other countries to ease their dependence on Russian pipelines. For America, the excess supply is a temporary respite.