US LNG Exporters Find Few Takers in Europe for New Supply

US liquefied natural gas developers expected Europe to become the cornerstone market for the next generation of export projects. Instead, the region is increasingly shying away from the long-term contracts needed to get them built.

US executives are coming back empty-handed this year from the industry meetings and conferences where deals are usually forged. In conversations with Bloomberg, several gas exporters said that negotiations held with European counterparts over the past few months have produced plenty of interest but hardly any firm commitments for LNG as would-be buyers have grown wary of becoming too reliant on America.

One exporter described ...