Energy Sec. Wright: Big demand for U.S. to displace Russian gas to Europe
CNBC Televisionยท2025-09-10 22:15
Gas Supply and Demand - Europe still relies on Russia for 15% of its gas supply [1] - Europe aims to end reliance on Russian gas within the next 18 months, creating increased demand for alternative sources [1] - The United States is positioned to displace Russian gas in Europe [1] Energy Market Growth in Europe - Europe is projected to become a growth market for energy after 20 years of stagnation [2] - Increased demand for AI is expected to drive electricity demand in Europe [2] Export Opportunities - LNG exports to Europe are expected to grow [2] - Oil and refined oil products exports to Europe are also expected to increase [2] Nuclear Technology - The company plans to bring nuclear technology and new reactors to Europe [2]