US to secure additional 15 billion cubic meters of gas for EU this year with LNG
The US said it would strive to ensure, with international partners, added LNG volumes for the EU of at least 15 billion cubic meters in 2022
Biden may promise more LNG to EU but US lacks spare capacity
The US president is expected to commit to extra volumes of LNG for Europe even though the global market is tied up in long-term contracts
EU’s push for Persian Gulf LNG set to worsen energy price inflation
The EU wants to replace Russian gas fast, adding upward pressure on prices. Germany is in talks with Qatar for LNG, but so are Asian countries.