US LNG imports to EU on steep rise

Miguel Arias Canete (R) and Rick Perry (L) hold a joint press conference in Brussels.

Exports of liquefied natural gas exports from the US to the EU have risen by 272% for a year, a High-Level Business-to-Business Energy Forum hosted by both side revealed. Since the first cargo in April 2016, LNG exports have been increasing substantially and have seen a steep rise after President Trump and President Juncker's meeting in July 2018. As a result, March 2019 recorded the highest volume ever of EU-US trade in LNG with more than 1.4 billion cubic metres.

Top energy business executives from both sides of the Atlantic met last Thursday in Brussels to discuss further ways to enhance LNG trade, the role that competitively-priced US-LNG can play on the EU market and the growing opportunities for using LNG in the transport sector. The forum was opened by Climate Action and Energy Commissioner Miguel Arias Canete and US Secretary of Energy Rick Perry.

“Energy security is one of the key success stories of our transatlantic cooperation and one where we both have a keen mutual interest. It is therefore our common objective to further deepen our energy cooperation. Natural gas will remain an important component of the EU's energy mix in the near future as we move towards cleaner sources of energy,” Canete said after the meeting.

 

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