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US LNG to be on the agenda at G7 Meeting

LNG

US House Speaker Kevin McCarthy plans to promote US LNG exports at an upcoming G7 meeting, according to OilPrice.

  • McCarthy wants to highlight US LNG supplies as a means of moving away from dependence on Russian gas.
  • “If we just replace Russian natural gas with American in Europe alone for one year, we would lower 218 billion tons of CO2 emissions because our natural gas is cleaner. America would be economically stronger, our prices would be lower and the world would be safer,” McCarthy said on Fox News’s Sunday Morning Futures.
  • US LNG exports to Europe rose 140% on the year in 2022, as pipeline imports from Russia slumped following Russia’s invasion of Ukraine.

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