Russia vs Ukraine

The US made huge profits by selling oil to Europe, earning more than 100 million USD per LNG train

Statistics from the International Energy Agency show that, in June, more gas was transported from the US to Europe by sea than by pipelines from Russia to Europe.

Rising global energy prices have brought extremely high profits to major energy companies. Gunvor – a major Swiss-based trader – posted record profits for the first half of the year, as well as the highest total earnings of all time.
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The US Census Bureau reported in early August that US LNG exports hit $20.4 billion since the start of this year, compared with just $13.2 billion in the same period in 2021.

An article in the Swiss newspaper Blick emphasizes that the US is a “savior” but still makes huge profits by selling natural gas to European countries. So far, the US LNG supply market share to the EU has increased from 20% to 60%. Energy giants like France’s Total and wholesalers like Switzerland’s Trafigura and Gunvor are major players in the buying and selling of American natural gas.

vietnaminsider.vn/the-us-made-huge-profits-by-selling-oil-to-europe-earning-more-than-100-million-usd-per-lng-train/