EU faces worst if US bans LNG exports

Importers in Europe will face great difficulties if America bans the export of liquefied natural gas, former Austrian foreign minister Karin Kneissl tweeted.

— The shale boom was partly based on low interest rates. A loan created for a constant influx of money, the ex-official said.

If LNG exports are banned to keep prices low, Europe’s “last generation importers” will have to make tough decisions, she said.

Earlier, Glavny Regionalny reported that America instigated the Ukrainian LNG supply dispute. Columnist Jimmy Dore said the United States was afraid to combine Russian resources with German technology.