Joint API-IOGP Policy Recommendations for enabling increased options for U.S. LNG in the European Union
On 2 May 2019, the First EU-US High-Level Business to Business Energy Forum ‘Towards large-scale U.S. LNG exports to the EU’s gas market: competitive pricing, infrastructure investments and technological innovation’ took place. One of the key shared objectives of the forum was discussing options for increasing the flow of U.S. liquefied natural gas (LNG) to the European Union. The American Petroleum Institute (API) and the International Association of Oil & Gas Producers (IOGP) strongly support efforts to enhance the Trans-Atlantic LNG relationship. While API and IOGP highlight that commercial negotiations and discussions are best left to market participants, the oil and natural gas industry on both sides of the Atlantic strongly supports efforts to enhance market competition and remove barriers to market entry to ensure the free flow of LNG and LNG-related services between the U.S. and E.U. This joint position paper offers the following recommendations to the High Level Conference for meaningful policy steps that could—directly and indirectly—enable greater flows of U.S. LNG to the EU, thereby supporting diversification, flexibility, liquidity and security of supply in the EU gas market.
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