An LNG import terminal at the Rotterdam port in February 2022. Federico Gambarini | Picture Alliance | Getty Images
Russia’s invasion of the Ukraine a year ago has shifted global energy supply chains and put the U.S. clearly at the top of the world’s energy-exporting nations.
As Europe struggled with threats to its supply of natural gas imports from Russia, U.S. exporters and others scrambled to divert cargoes of liquified natural gas from Asia to Europe. Russian oil has been sanctioned, and the European Union no longer accepts Moscow’s seaborne cargoes. That has resulted in a surge in U.S. crude and refined product shipments to Europe.
“The U.S. used to supply a military arsenal. Now it supplies an energy arsenal,” said John Kilduff, partner at Again Capital.
Read more here: https://www.cnbc.com/2023/03/03/ceraweek-how-russias-war-made-the-us-a-dominant-supplier-of-energy-.html
