More United States' exports of liquefied natural gas (LNG) to Europe along the strategies outlined by President Donald Trump will relieve tight global markets, reduce prices, and help traders diversify their sourcing,

European natural gas prices jumped back to €50/MWh on Wednesday, the highest level since the first trading day of the year, as freezing weather in Texas threatens exports of liquefied natural gas from the U.

"Portugal to increase LNG purchases from US, Nigeria, reduce Russian imports" was originally created and published by Offshore Technology, a GlobalData owned brand.

Portugal imported 49,141 gigawatt-hours (GWh) of natural gas in 2024, of which around 96% was LNG, data from electricity and gas grids operator REN shows. Nigeria accounted for 51% of those LNG deliveries,

Portugal has listed Nigeria alongside the United States as one of the countries it aims to get its supply of liquified natural gas (LNG) from. ・Portugal aims to get LNG supply from Nigeria and the United States due to shortage from the Russian market.