The US’ moratorium on new LNG export projects and sanctions against Russia put Middle East gas producers at an advantage, Australian Woodside Energy CEO Meg O’Neill tells Reuters reports. But while GCC energy giants such as Adnoc and Saudi Aramco are already pursuing acquisitions in the US to expand their liquified natural gas (LNG) trading, “the question is how does the Middle East respond with a number of different project sanctions,” O’Neill said.
REMEMBER- The US paused LNG export permits in January until the Department of Energy completes a study on the potential impacts of increased LNG production on climate change.
