Alongside cannabis stocks and meme stocks, liquefied natural gas stocks are gaining in the stock market today. By and large, this seems to be the case thanks to the latest update on President Joe Biden’s Europe trip. In brief, the U.S. is now working with the E.U. to address its energy issue. The new collaborative effort will serve to strengthen energy supplies in the region. At the same time, this would also help to reduce the region’s dependence on Russian oil. The current treaty will see the U.S. supply 15 billion cubic meters of LNG to Europe this year.
Notably, all of this would see plenty of attention go to the top liquefied natural gas stocks around now. In fact, the White House also notes that the volume of LNG being exported will likely increase further moving forward. As the world looks towards alternative suppliers for their oil needs, LNG firms are thriving. With all this activity in the space now, these LNG stocks could be in focus in the stock market right now.
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