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US SALES of liquefied natural gas (LNG) to Europe have hit record highs as the continent faces severe energy shortages and rocketing prices, it was announced today.
Around two-thirds of US LNG went to Europe in January, up from 61 per cent in December, due to rocketing European prices and increased demand.
The crisis in Ukraine is seen by many as an attempt by the US to prevent Europe relying on Russia for natural gas.
President Vladimir Putin said that the Nord Stream 2 gas pipeline, which was completed in September 2021, can ease energy shortages and lower prices.
But the project, which bypasses Ukraine, has been held up as Germany has stalled on approving the pipeline under pressure from Washington.
Last week the US threatened to block Nord Stream 2.
Earlier this week Nato chief Jens Stoltenberg called on Europe to diversify its oil suppliers in an unusual direct intervention by the military alliance into the economic policies of European countries.
European Commission president Ursula von der Leyen and US President Joe Biden promised on January 28 to co-operate on guaranteeing Europe’s and Ukraine’s energy security.
