White House rules out ban on natural gas exports this winter

News

A Reuters Exclusive Reveals That -The White House has ruled out any ban or curbs on natural-gas exports this winter, in a bid to help alleviate energy shortages in Europe, according to two people directly involved in the discussions.

In March, U.S. President Joe Biden committed to deliver 15 billion cubic metres (bcm) more of liquefied natural gas (LNG) to Europe following Russia’s invasion of Ukraine and has already surpassed that goal.

Further White House analysis has only cemented support for ongoing exports, the sources said, although rising energy costs and a colder-than-expected winter could test Biden’s commitment. A ban has not been seriously considered, said a U.S. official.

Full Story (follow the link on the Tweet to PiQ Suite)

Not sure a ban was EVER a serious possibility, but, as we mentioned earlier, market pundits are looking for anything and everything to get frothy over right now.

Articles You May Like

Is there more to the jobs picture? The household survey has been flat since March
Payrolls and wages blow past expectations, flying in the face of Fed rate hikes
The Simplest Day Trading Strategy | (Backtesting Session)
Premium & Discount Zones | SMC Tutorial (LuxAlgo Smart Money Concepts) 📈
Ulta Beauty boosts outlook, as shoppers keep splurging on makeup