US environmentalists slow down gas exports to Europe, and help Putin
A sharp rise in US liquefied natural gas exports to alleviate a tight supply market in Europe has been criticized for its environmental effects. In the end, the US Dems don't care about the European energy crisis. This environmental opposition is leading, according to Reuters , to a slowdown in the growth rate of LNG exports to the old continent.
Europe has become the largest market for US liquefied natural gas in the past three months after gas prices on the spot market soared to record levels, making US LNG competitive for European buyers.
Prices continued to break records, especially after the Russian invasion of Ukraine, and US LNG continued to flow at record rates, even raising concerns that the space available for importing and storing LNG in Europe is not available. it would soon be able to handle the flows.
Yet, at the same time, environmentalists have expressed concern about the environmental footprint of these exports.
Earlier this month, a coalition of 120 progressive NGOs called on the six largest US banks to stop funding the expansion of LNG export facilities and the construction of new ones.
Now, according to Reuters sources, the White House had shelved a federal policy review on how to further increase LNG exports to Europe. The decision followed the views expressed by some members of the administration that such a move would run counter to the White House's energy agenda, which has prioritized reducing the use of fossil fuels.
Currently, the European Union gets about 40 percent of the natural gas it consumes from Russia, but wants to reduce this dependence by up to two-thirds by the end of this year. The US LMG, or from other sources, is a key element in its urgent push to diversify the gas supply. The environmentalist pressures to de-finance and limit the production of US natural gas are nothing more than an obstacle, even quite big, to the energy independence of the EU from Russia. In practice, US environmentalists are just yet another support for Putin's policies. Except then go on TV to proclaim the opposite …
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The article US environmentalists slow down gas exports to Europe, and help Putin comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/gli-ambientalisti-usa-rallentano-lexport-di-gas-in-europa-e-aiutano-putin/ on Sat, 12 Mar 2022 12:20:37 +0000.