A race between European and Chinese energy groups to lock in shipments of liquefied natural gas from the US is driving investment in a range of export projects that will boost a market facing a potential supply shortage.
The growing number of long-term contracts signed by European and Chinese buyers will help the US to expand export infrastructure to bring LNG supply online in the next two to three years.
European demand for LNG — gas that is cooled to liquid form for safe storage and transport by sea or road — has risen sharply during the war in Ukraine as the region scrambled to replace gas that came from Russia through pipelines.
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