The Biden Administration remains committed to supporting robust levels of LNG exports in support of Europe’s efforts to bolster supplies for winter, according to a report Tuesday. 

Export Prices

The continent is moving with haste to reduce its dependence on Russia amid the Kremlin’s war in Ukraine and is consistently calling for U.S. shipments of the super-chilled fuel.  

During a scorching summer that fueled robust cooling demand in the Lower 48 and in Europe – combined with precarious storage supplies globally – U.S. prices soared to 14-year highs around $9.00/MMBtu. This elicited calls from consumer and manufacturing advocates to curb exports of liquefied natural gas to preserve supplies for domestic use. This, they argued, could help contain U.S. costs this winter, when both...