LNG

The price of natural gas reached a high in 2006 and has been coming down since then. This past year the price has varied from $6 to $3 and is currently at $3.50 per 100 cu ft. The price in Europe is three to four times higher. Europe depends heavily on Russia and could lower the price if they purchased more from the US. Most US exports of natural gas (LNG) go to Asia but the US has ample supply and could compete with Russia for the European market. By the end of 2022 the US will have the world's largest LNG export capacity.