Europe Can Cut Gas Costs with Long-Term LNG Deals, Says White House Official

A senior White House energy official believes that Europe could reduce its gas costs by signing long-term LNG contracts.

The official suggests that declining US gas prices can benefit European buyers if they opt for long-term deals rather than buying spot gas.

This strategy would allow European countries to take advantage of lower US gas prices, which have been decreasing due to oversupply in the market.