Sanctions on Russian energy imports in the wake of the Ukraine war appear to be improving prospects for U.S. and Canada liquefied natural gas players and projects to supply needs in Europe and elsewhere, but the clean-energy push could cloud long-term growth prospects.
The Biden Administration said March 25 it will boost LNG shipments to Europe by 15 billion cu meters this year. The U.S. sent 22 billion cu m in 2021, which the White House said had been a record. The total is 50% over 2020, driven by Europe and Asia demand, the U.S. Energy Information Administration said in a recent update.