Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new liquefied natural gas (LNG) plants, EU energy officials and analysts said, dismissing industry’s warnings.Gas companies – and lobby groups who learned of the move ahead of the decision and unsuccessfully opposed it according to documents seen by Reuters – warned it would compromise global energy security and efforts to reduce carbon dioxide emissions.The U.S. has become the biggest exporter of LNG to Europe, as EU countries have raced to replace Russian fuel following Moscow’s invasion of Ukraine in 2022. Over 60% of U.S. LNG exports went to Europe in the last two years.U.S. President Joe Biden last week paused approvals for applications to export from new LNG projects to review the climate change and economic impact of such projects.A European Commission spokesperson told Reuters the U.S. decision “will not have any short-to-medium term impacts” on the EU’s security of gas supply.
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