Expensive gas ≠ more LNG
Soaring costs curb European enthusiasm for US LNG
They say the cure for high prices is high prices. The spectacular global rally in natural gas prices since last summer, which was put on a war footing with Russia’s invasion of Ukraine, has duly reignited investor interest in liquefied natural gas (LNG) export projects. However, that economic maxim holds true only if the extra supply the market is calli…