ICYMI: The U.S. liquefied natural gas export market is burning bright, and Russia’s invasion of Ukraine makes it even more so, writes rob_cyran:
The United States and Europe said they would impose severe sanctions on Russia after its military forces launched an attack on Ukraine on Feb. 24.
On Feb. 23, Washington sanctioned the company building Russia's Nord Stream 2 pipeline, putting it on a so-called Specially Designated Nationals list which stops people and companies from dealing with it at the risk of being sanctioned themselves. On Feb. 24 Cheniere Energy reported fourth-quarter results. The American LNG export firm raised its estimate for 2022 adjusted EBITDA to $7 billion to $7.5 billion. It had previously expected $5.8 billion to $6.3 billion.Pipes are seen at Dominion's Cove Point liquefied natural gas plant on Maryland's Chesapeake Bay in this picture taken February 5, 2014.
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