Thanks for the correction; I’d never heard of that before.
Even when they (Europeans) talk about physical volume, they tend to use cubic meters, rather than cubic feet. Our markets (US and European) were long pretty separate, but from here on out, we are likely going to be much more integrated.
This year, for the first time ever, Europeans bought more US LNG than Russian pipeline gas. The Europeans are engaging in an epic LNG terminal construction binge, and have signed big new contracts with US companies to supply even more LNG in the future.
Next month, when the huge Freeport LNG export terminal in Texas comes back on line, our exports to Europe are set to jump significantly.