The United States of America can rejoice in the tense situation on the European gas market. Imports of their gas into Europe reached a new record level in December.
About half of the total volume of liquefied natural gas exported by the United States in December went to Europe. Before that, it was only about 37 percent. This is according to data published by the US Energy Information Administration.
The record volumes of imports of US liquefied natural gas into Europe are due to the tense situation on the European market. Natural gas prices reached their highest levels in history before the end of last year, and it was LNG imports from the United States that helped cool them. But in recent days, the trend has reversed again and gas on the European market has started to rise again.
So far, the United States has been able to meet the high European demand, because in its market there was exactly the opposite phenomenon, with the supply of gas by about a tenth exceeding the demand for it. Of course, the question is how long such a situation may take before the price of American gas begins to rise. Moreover, Asia comes into play, where gas prices are even higher than in Europe, which may motivate the US to export it to Asia.
