European energy groups have been the real winners in the transatlantic trade in liquefied natural gas, the US government has said, pushing back against criticism that North American producers were profiteering as Europe scrambles to replace Russian gas.
A chasm between US and European gas prices has delivered bumper profits for companies buying American gas and selling it into Europe this year.
French president Emmanuel Macron said last month the “double standard” was creating undeserved “superprofits” for energy producers in the US and Norway, which have both significantly increased flows to Europe since Russia’s invasion of Ukraine in February.
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