Matthew Dalton

has enough gas to export to Europe.

There's Algeria.

There's Norway.

Norway is the European Union's biggest gas supplier.

It's also a big supplier to the U.K.,

So it's not like in 2022, Europe didn't have the capacity to import a lot of LNG.

They built LNG import terminals all over the continent in a relatively short amount of time.

Now the question is not so much availability, it's at what price and what impact that will have on European consumers, on European companies that rely on gas.

It's another blow to the

a region that's trying to remain competitive with the rest of the world and not doing a great job of it.

During the Biden administration, when Europe was trying to figure out where to get its gas, if not from Russia, US LNG was seen as very reliable.

Now, with the Trump administration and with all the problems that have appeared in the transatlantic alliance, with Trump's threats of tariffs and threats to seize Greenland, Europe is having some doubts about whether the U.S.

is in fact a reliable supplier.

Last week, the US ambassador to the EU said that Europe should quickly sign a trade deal that's under consideration with the US or risk losing favorable access to US LNG.

Now, it's a question whether actually Europe does have favorable access.

In fact, they probably just pay for it and they're willing to pay more than anybody else for US LNG under normal conditions.

But it was a comment that some lawmakers in the European Parliament said it amounted to blackmail.

So the U.S.

reliability as an energy supplier is not viewed as it once was just a few years ago.

Thank you, Luke.