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Rice: American energy is key to global stability, peace, and prosperity
CNBC Televisionยท 2025-06-13 11:29
Geopolitical Impact on Natural Gas Market - Middle East tensions highlight the importance of American energy and its role in global energy security [1] - American natural gas can replace energy from pro-dictator nations, fostering global stability, peace, and prosperity [2] - Geopolitical tensions are spiking, impacting trade dynamics [3] US LNG as a Strategic Tool - US LNG, as the number two export for America, is a key trading tool for strengthening international relationships and mitigating tariff impacts [4] - The current administration's support for US LNG is seen as a positive factor for stable trade and certainty for American business [4] - Leveraging US LNG can contribute to global peace and prosperity [5] Natural Gas Demand and Supply - The Middle East is expected to be a supplier of LNG, while Asia and Europe will be major demand centers for American LNG [7] - Increased US LNG is needed to replace Russian gas in Europe [8] - US LNG demand is projected to double by 2030, increasing by an incremental 15 BCF (billion cubic feet) per day [8] - The world is energy short, requiring more American energy to meet demand [9]