California Governor Wants Probe Into Soaring Natural Gas Prices as US LNG Exports to EU Set Records

Global natural gas prices skyrocketed in the spring of 2022 after the escalation of the crisis in eastern Ukraine into a full-blown Russia-NATO proxy conflict. European nations exacerbated the situation by rejecting gas from Russia – which accounts for 1/5 of global production, in favor of more expensive US liquefied natural gas (LNG).