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Soaring natural gas prices are prompting European companies to move their manufacturing operations to the US
This is very real and likely understated for load growth, employment growth, etc for 2023-2024. We are having talks with large using clients daily about their intentions and plans to increase output 100+% in the U.S. in the next 24 months. Either through current site expansion or new build factories.
Soaring natural gas prices are prompting European companies to move their manufacturing operations to the US
European makers of steel, fertilizer, and other products are shifting work to the US, the WSJ reported. European gas prices surged 400% in 2022.
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