U.S. Chargé Savage Remarks

Chargé d’Affaires Caroline Savage, U.S. Embassy Budapest
Keynote Remarks, 7th Budapest LNG Summit, May 7, 2026

American energy leadership is back, and Europe is the primary beneficiary. U.S. Chargé d’Affaires Caroline Savage outlined four principles underpinning America’s LNG policy toward Europe: reliability (stable democracy, rule of law, long-term commitments); diversification (USLNG gives Europe leverage and alternatives when traditional suppliers prove coercive); infrastructure investment (exports have grown from near zero in 2016 to 15 bcf/d in 2025, with the Defense Production Act invoked to expand further); and competitive pricing (European hub prices ran roughly three times higher than U.S. prices in 2025, explaining why USLNG now accounts for 30% and growing of EU gas imports). Savage noted that Hungary’s commitment to purchase 0.4 bcm of USLNG annually over five years is “just an initial step” in a deepening bilateral energy partnership. “We’re not just selling a commodity. We’re building a strategic relationship based on shared interests and mutual benefit.”

Full remarks: U.S. Embassy Budapest →