Europe wants U.S. LNG if the price is right

If the price is right, Europe sees U.S. liquefied natural gas as a strategic component of a diverse energy mix, the European president said Thursday.

European Commission President Jean-Claude Juncker and U.S. President Donald Trump in late July included considerations for LNG in their bilateral trade relationship. A joint statement from the meeting said European countries want more LNG sourced from U.S. shale basins to diversify the European market.

Europe relies heavily on Norway and Russia for oil and natural gas. Natural gas, from Russia in particular, is a source of tension given anti-trust concerns about Russian energy company Gazprom and the tendency of the Kremlin to use energy as a tool for political influence…


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