Europe Energy Crisis: the US Is Now the World's Top LNG Exporter
According to the Energy Information Administration, 71% of US LNG exports went to the EU and UK as Russia chokes off supply.
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According to the Energy Information Administration, 71% of US LNG exports went to the EU and UK as Russia chokes off supply.
Fears are growing that Russia will permanently slash its natural gas exports to Europe, in what could be a hammer blow to the region's economy.
On Sunday, Sri Lankan energy minister Kanchana Wijesekera said there was less than a day's worth of fuel left in the country.
Russian crude currently trades at a $20 a barrel discount, so Tehran is cutting prices to compete in the key Chinese market, according to a Bloomberg report.
India stands by trade with Russia as Lavrov set to visit