Two of the diverted cargoes were now heading for Turkey, according to ICIS. That allowed import terminals there and in Greece to turn the LNG back into gas “then send it onwards through pipeline into south-east Europe, the area most affected by the end of Ukrainian transit flows”.

European natural-gas prices jumped back their highest level since the first trading day of the year as freezing weather in Texas threatened U.S. LNG exports.

European natural gas jumped after Germany signaled it may subsidize the refilling of storage sites, spurring spot demand for the fuel and further driving a seasonal price spread.

On his first day back in office, President Donald Trump issued a flurry of executive orders, signaling a dramatic shift in U.S. energy policy. Among the most significant was an order ending former president Biden’s moratorium on new liquefied natural gas (“LNG”) export permits.

Among the first acts of his second term, President Donald Trump has lifted a moratorium on new U.S. licenses to export liquefied natural gas. The move came in an executive order directed at energy and ordered the Energy Department to resume reviewing applications for new permits.