US liquefied natural gas exporters are scrambling to add capacity to help provide needed natural gas to Europe, but the shortfall will likely be too great to fill for several years, according to an industry analyst.

LNG exports have become increasingly important to Europe in the past several months, as nations attempt to avoid importing gas from Russia after its invasion of Ukraine.

With cheaper prices indexed to the Henry Hub and more flexibility with its contracts, US LNG has become favoured by European clients.