New EU And U.S. LNG Deal

The U.S. LNG deal with Europe has led to more questions than answers.

For example, how will the U.S. export the extra gas when its terminals are almost running at full capacity? Can European terminals cope with the extra imports? Are there enough LNGCs to ship the extra gas, given that the Russian controlled fleet is sanctioned?

Vague Agreement

Importantly, FERC [Federal Energy Regulatory Commission] announced it would slow walk the implementation of new permitting guidelines that would consider greenhouse gas emissions as part of its process.

It is clear that the U.S. and others must accelerate development of energy supplies quickly to offset the impact of current and future sanctions on Russian energy supply, he said.