The International Gas Union (IGU) in a statement criticised the US Department of Energy’s statements on limiting the export of liquefied natural gas (LNG) from the country, stressing the importance of this energy source for Europe and the potential negative impact on the environment.
As Report reports, the IGU stated that.
It is noted that the assumptions of the U.S. Department of Energy report on gas consumption do not accurately predict global demand for this fuel, and underestimation of demand, underinvestment or other limitation of additional LNG supplies can cause serious damage to the economies of importing countries. In addition, LNG trade provides energy security and access to energy resources in many regions of the world, including Europe.
“Restricting additional LNG exports from the U.S. would also have a negative impact on the environment, as such restrictions would reduce the ability to use gas to replace high CO2-emitting fuels such as oil and coal. Coal production is already at record high levels” the union said in a statement.
