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U.S. LNG Stocks Jump on Higher Europe Export Prospects

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U.S. Exports,Europe,Trump

U.S. LNG exporters are optimistic about a potential boost in exports to Europe under a Trump administration trade deal that could reduce EU reliance on Russian gas.

The stocks of LNG exporters in the United States have seen a jump following Donald Trump’s election victory, with many seeing the industry as one of the main beneficiaries of an upcoming new trade deal between Washington and Brussels. Trump has spoken about the trade deficit that the U.S. has been running with the European Union for years and wants to change that by imposing tariffs on European imports.

“In recent years, Europe has moved swiftly to build out the necessary infrastructure needed to support a surge of LNG into the region and with the necessary policy support and regulatory certainty the United States is well positioned to meet that long-term demand,” Sabel added. Other industry executives also spoke positively about the expected trade talks between Washington and Brussels.

 

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