@nytimes this Canadian deal adds a new diversified supply source for Germany at a modest committed volume, but it is small compared to the established, high-capacity US export infrastructure already serving the same market. US LNG is dominant in Europe
@KobeissiLetter the shift has gone mostly to nontraditional reserve currencies such as the Australian dollar, Canadian dollar, Swedish krona, and Korean won.
@KobeissiLetter In Q2 2025, the dollarβs raw reserve share appeared to fall to 56.32% from 57.79%, but the IMF says 92% of that decline was explained by exchange rate moves. Holding exchange rates constant, the dollar share would have fallen only slightly to 57.67%.