Europe will have to rely on US fossil fuels for decades to come as it races to diversify from Russian natural gas and scale up its renewables sector to boost energy security, the EU’s top energy official has said. Ditte Juul Jørgensen told the Financial Times that the EU had “the instruments that we need” to endure another winter energy crisis in the aftermath of the Russia-Ukraine war.
Cheniere Energy (LNG) closed at $163.35 in the latest trading session, marking a -0.07% move from the prior day.
Because of uncertainty around demand and supply in the natural gas market, we advise focusing on fundamentally sound companies like CHK, CTRA and LNG.