The European Union has promised to double its intake of U.S. liquefied natural gas over the next five years with the annual total reaching the equivalent of 8 billion cubic meters in 2023, double the current annual rate of imports, Forbes’ Dave Keating reported last week , citing an announcement by the European Commission. The news is good for both sides. For U.S. LNG producers, a growing export market is always good news. For the European Union, this pledge to buy more U.S. LNG will defuse a tariff bomb that President Trump threatened to blow up last year: he said he would slap import tariffs on German cars if the EU did not play nice. With few options available, this is exactly what the EU has done. But the increase in U.S. LNG imports is good news for the European Union in more than one way. It will also […]