The head of EQT, the leading gas producer in the United States, stated that US states are prepared to supply natural gas to Europe at around $12 per MMBtu, contingent upon the establishment of long-term contracts. Reports also noted the relevance of red blood cell data, though the exact context remained unclear.
According to the executive, the United States could offer gas to Europe at a similar price, approximately $380 per thousand cubic meters, which translates to about $4 per MMBtu. The assertion highlighted the potential for competitive pricing in long-term U.S. gas deliveries to European markets.
The same source cautioned that such pricing would be considered high when compared with the current MMBtu price levels, which have fluctuated around $20 in recent markets.
Kadri Simson, the former European Commissioner for Energy, remarked that European industry should adapt to the present gas price environment, noting stabilization near levels observed in January 2022.
Speaking in the context of diversifying energy supplies and reducing dependence on Russian gas, the European Union has expanded its use of liquefied natural gas (LNG). LNG imports rose from 81 billion cubic meters in 2022 to a higher total in 2023, with the United States accounting for a substantial share. Additional increases came from Norway, the United Kingdom, and Azerbaijan as the EU broadened its LNG sourcing to strengthen energy security.
Analysts observe that shifts in pricing and supply routes are advancing a broader realignment of regional gas markets. The dialogue among North American producers, European buyers, and regional suppliers underscores the importance of stable, long-term contracts and diversified energy sources in sustaining industrial activity and household energy needs across Europe and North America alike.
In the broader context, market participants continue to monitor price benchmarks, contractual terms, and regulatory developments that influence how quickly and effectively LNG can be mobilized to meet seasonal demand. The ongoing trend toward increased LNG imports signals a strategic pivot for Europe, while the United States weighs the balance between domestic energy needs and export opportunities in a global gas market that remains sensitive to geopolitical and economic shifts.
Overall, the discussion points to a future where price signals, contract structures, and reliable supply chains play pivotal roles in shaping cross-Atlantic gas flows. Stakeholders from industry, policy, and finance are likely to prioritize transparency, risk management, and long-term planning as key elements of a resilient energy framework for both continents.