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(Bloomberg) European companies hoping to buy US liquefied natural gas from major planned projects may just get left out in the cold.Most Read from BloombergUS Fires on Houthi Missile Hours After Trafigura Ship AttackSingapore’s $200,000 Toyotas Fuel Angst Over Widening Wealth GapGiuliani Lists Yankees Loot, Trump Claim as Assets in BankruptcyMacKenzie Scott Pares Her Amazon Stake by $10 BillionGas-Addicted Europe Trades One Energy Risk for AnotherThe Biden administration on Friday imposed a m
(Bloomberg) Sky-high energy prices from Europe to Asia are highlighting the need for more investment in natural gas supplies while renewable energy output still lags, traders and executives gathering in Amsterdam said. Lessons from the crisis that has forced some industrial plants to curb output, power plants to switch to dirtier fuels and led to a collapse of some energy suppliers in Britain dominated the Flame conference, the gas industry’s first major European get-together since the pandemic. “Unfortunately, based on some of the under-investment over the last few years in gas infrastructure around the world, you are getting big periods of volatility,” Tarek Souki, executive vice president for LNG marketing at U.S. developer Tellurian Inc., said Tuesday in an interview in Amsterdam on the sidelines of the event. “We clearly don’t have enough infrastructure to provide the gas that we need to keep prices at relatively stable levels.” Gas prices in Europe have surged more