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After years of anticipation, Europe is finally taking a big share of American exports of liquified natural gas as it seeks to lessen its reliance on Russian gas.

Expand chart
Data: EIA and the European Commission; Note: EU figures were converted from cubic meters to cubic feet and reflect approximate values. Chart: Naema Ahmed/Axios

Why it matters: It gives Europe leverage with Russia, which has cut off gas supplies in the past, and also bolsters President Trump's goal of positioning America as a global energy superpower.

What they're saying: I caught up Wednesday with European Commission Vice President Maroš Šefčovič, who is in charge of the European Union's energy union. He toured an LNG export facility in Louisiana with Trump on Tuesday.

"We are at the stage when these facilities become commercially very important. We have demand. We have infrastructure in place. The U.S. now has the export capacity."
— European Commission Vice President Maroš Šefčovič

Between the lines: Per Jason Bordoff, founding director of Columbia University's Center on Global Energy Policy: "The price premium disappeared in Asia (partly as a result of the recent oversupply), which leaves U.S. LNG going to Europe, the market of last resort."

Go deeper: Trump seeks to flex America's energy muscles abroad

Go deeper

3 hours ago - Politics & Policy

Trump to issue at least 100 pardons and commutations before leaving office

Photo: Mandel Ngan/AFP via Getty Images

President Trump plans to issue at least 100 pardons and commutations on his final full day in office Tuesday, sources familiar with the matter told Axios.

Why it matters: This is a continuation of the president's controversial December spree that saw full pardons granted to more than two dozen people — including former Trump campaign chair Paul Manafort, longtime associate Roger Stone and Charles Kushner, the father of Trump's senior adviser and son-in-law, Jared Kushner.

  • The pardons set to be issued before Trump exits the White House will be a mix of criminal justice ones and pardons for people connected to the president, the sources said.
  • CNN first reported this news.

Go deeper: Convicts turn to D.C. fixers for Trump pardons

Schumer's m(aj)ority checklist

Senate Minority Leader Chuck Schumer. Photo: Tasos Katopodis/Getty Images

Capitalizing on the Georgia runoffs, achieving a 50-50 Senate and launching an impeachment trial are weighty to-dos for getting Joe Biden's administration up and running on Day One.

What to watch: A blend of ceremonies, hearings and legal timelines will come into play on Tuesday and Wednesday so Chuck Schumer can actually claim the Senate majority and propel the new president's agenda.

The dark new reality in Congress

National Guard troops keep watch at security fencing. Photo: Kent Nishimura/Los Angeles Times via Getty Images

This is how bad things are for elected officials and others working in a post-insurrection Congress:

  • Rep. Norma Torres (D-Calif.) said she had a panic attack while grocery shopping back home.
  • Rep. Jim McGovern (D-Mass.) said police may also have to be at his constituent meetings.
  • Rep. Adam Kinzinger (R-Ill.) told a podcaster he brought a gun to his office on Capitol Hill on Jan. 6 because he anticipated trouble with the proceedings that day.