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Tackling Gazprom matters more than China relations for U.S. LNG exporters

China 2600 Energy - Conventional 384 Energy - Natural Gas 124 European Union 658 Russia 89 Trade Deals 906 U.S. 4625

The U.S. House of Representatives has voted to extend sanctions against Gazprom’s Nord Stream 2 gas pipeline in Europe. The extension of existing measures, under the National Defense Authorization Act, could worsen relations with the EU. Germany’s Defense Minister, Annegret Kramp-Karrenbauer, stated that “these are not in accordance with international law”. There are likely to be commercial as well as defense issues at play. U.S. LNG exporters represented 6.9% of EU-27 natural gas imports in the 12 months to April 30 compared to 34.4% for Russia via LNG and pipeline. EU LNG imports have ...

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