Europe

President Trump told representatives of 12 European nations gathered for a summit of the Three Seas Initiative that the United States is eager to build strong trade ties and export energy supplies to them, quipping “if you need energy, just give us a call.”

The United States’ presence in the expected near-term strengthening of the global liquefied natural gas (LNG) market and Europe’s key role on the marginal demand side are likely to be game-changers over the next five years, according to a report released Monday by Societe Generale research analysts.

The rapid growth of liquefied natural gas (LNG) supply coming online over the next few years will lead to a global convergence of natural gas pricing “centered around the U.S. market and Henry Hub,” according to Goldman, Sachs & Co. Senior Commodities Analyst Christian Lelong.

Global natural gas demand is becoming increasingly bearish, as Europe’s needs are diminished and oversupply is looming, potentially putting the kibosh on U.S. exporters gaining a lot of global share.

The world’s markets were in a tailspin Friday following a referendum vote by Great Britain to leave the European Union (EU), with the oil and gas sector suffering collateral damage.

The sixth cargo, carried by the Creole Spirit, from Cheniere Energy Inc.’s Sabine Pass liquefied natural gas (LNG) export terminal is bound for Portugal, making it the first Lower 48 LNG export to Europe, according to a Bloomberg report citing unnamed sources.

The sixth cargo, carried by the Creole Spirit, from Cheniere Energy Inc.’s Sabine Pass liquefied natural gas (LNG) export terminal is bound for Portugal, making it the first Lower 48 LNG export to Europe, according to a Bloomberg report citing unnamed sources.

Russia’s state-owned OAO Gazprom last year remained the champion of global natural gas production, and even though volumes were down year/year, the producer appears ready to defend its position as U.S. gas exports head to Europe, according to an analysis by Societe Generale (SG).

While the outlook for the North American liquefied natural gas (LNG) export business dims with every ratchet down in the price of oil and natural gas, sponsors of three proposed export terminals in Nova Scotia are convinced that when the turnaround comes, their straight shot across the Atlantic will give them an edge.