U.S. LNG Exporters Stand To Benefit From EU Energy Crisis

A severe shortage of natural gas, declining wind power output, nuclear outages, and cold weather have conspired to hand Europe one of its worst energy crises on record. Yet, Europe's energy woes keep getting worse at every turn. European natural gas prices hit a new record high on Tuesday after a pipeline that brings Russian gas to Germany switched flows to the east while  U.S. ships carrying liquefied natural gas (LNG) destined for the European market are diverting to Asia where prices are even higher. Westward gas flows through the 2,607-mile-long…