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Vice-President M. Šefčovič joined Donald Trump in opening an LNG export terminal

Vice-President M. Šefčovič joined Donald Trump in opening an LNG export terminal

Louisiana, May 15 - Neftegaz.RU.
In the end of April U.S. LNG exports to the EU were up by 272%. It is in this context that on 14 May, Vice-President Maroš Šefčovič in charge of the Energy Union joined the President of the U.S. Donald Trump in getting a 1st-hand look at the Cameron LNG export terminal in Hackberry in the U.S. State of Louisiana, which is expected to launch first shipment in the 2nd half of this year.

The US is not a dominant gas exporter to Europe, unlike Russia and Norway. However, Trump is determined to replace Russia.

“When it comes to gas exports to Europe, our ambition is to compete with Russia over the first spot,” said Trump last year, when he met Russian President Vladimir Putin.

In particular, the European Union expressed its ambition to import more LNG from the U.S. to diversify its energy supply.

"Transatlantic cooperation on LNG is a perfect match. Europe has an attractive, well-integrated gas market that is ready to welcome more competitively priced LNG from the US", said Šefčovič.

"By doing so, we will significantly boost Europe's energy security as well as open new business opportunities on both sides", he added, recalling that Europe's LNG import capacity stands at 210 billion cu m, about half of our gas consumption.

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