of liquified natural gas this year—enough to replace all the liquified gas that Europe imported from Russia in 2021.
Texas’s energy industry is diverse. Houston has started calling itself the energy transition capital of the world, rather than just the energy capital. The U.S.—and Texas specifically—has the cost advantage, the experience, the infrastructure, the brainpower, etc. to get that gas out of the ground, move it to the coast and liquefy it, and get that to Europe fairly quickly. This process of exporting more gas was already underway, and the war is supercharging it. We’re seeing more and more interest in investment in LNG exports. You can see that in the share prices of the companies that are doing it.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: