April 20, 2024
Weathering the LNG Export Turbulence: JPMorgan’s Recommended Gas Stock Selections
Scorn for governmental sluggishness in greenlighting liquefied natural gas(LNG) ventures resonated through JPMorgan Chase‘s CEO, Jamie Dimon, as he decried political obstructions inflaming oil and gas stalemates. The contentious backdrop did not deter the Biden administration, which greenlit 48 billion cubic feet of export capacity, quadrupling the current exports. However, the move left many apprehensive. A groundswell reaction from 35 European politicians berated the halting of projects for imperilling international accord, urging more energy collaboration. Even staunch U.S. allies in Asia, such as Japan and South Korea, are hedging bets, scouting for alternative LNG suppliers in the shadow of erratic