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Scott Lincicome reports that Europe is choosing not to engage in long-term U.S. liquefied natural gas (LNG) deals, which is causing frustration among LNG project developers.
The reluctance of European buyers to commit to extended contracts with U.S. suppliers has created uncertainty for those seeking to develop new LNG infrastructure.
Lincicome has previously tracked large shifts in government revenue policy. He reported that the U.S. refunded $22 billion in tariffs, resulting in negative net customs revenue for the first time since at least 2015. In another instance, he noted New York City’s introduction of a second-home tax targeting luxury apartment owners that will more than double their property taxes.