The "pause" in the future development of plants to export liquefied gas from the United States has thrown the production world into disarray, prompting dozens of industry associations, including the Italian one, to make a unified request to President Joe Biden to "reconsider the decision." The letter's signatories include both gas-consuming corporations, which are concerned about a return to price volatility, and supply-side companies. For some of these, the novelty poses a disadvantage, while for others, they may be an unexpected benefit. A few days following the White House's statement, the Oil & Gas sector is extremely hot. This was evident during Baker Hughes' 24th Annual Meeting, which brought together industry experts from around the world in Florence: the topic dominated the debates. Government leaders from Italy and Germany, two of Gazprom's biggest clients before to the war in Ukraine, seized the opportunity to underline so to its allies. "The US is now the Saudi Arabia of LNG, and guidance is expected from them," said Valentino Valentini, deputy minister of industry and Made in Italy.
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