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U. S. Industrial and Energy Policieshave created a “double standard” as Europe has to pay higher costs for its herbal gas, French President Emmanuel Macron said on Friday.
France, the newest and largest country to withdraw from the Energy Charter Treaty, went from energy exporter last year to energy importer this year after unrest erupted with its nuclear fleet.
U. S. herbal fuel exportsU. S. exports to France increased by 421% in the first eight months of 2022, but the price of this LNG increased by 1094% in August due to higher LNG prices.
“The North American economy creates possible options for the sake of attractiveness, which I respect, but they create double standards,” Macron told a news conference in Brussels on Friday, with the United States reaping benefits from low energy costs at home while exporting at home. Record costs.
With ties already strained by the failed nuclear deal in the past between France and the United States, Macron is scheduled to make a stop in the United States in early December, with the issue of power expected to be in the spotlight.
By Julianne Geiger for Oilprice. com
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