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Soaring natural gas prices are prompting European companies to move their manufacturing operations to the US
Carla MozéeSep 21, 2022, 9:42 AM
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- European companies are shifting operations to the US after the jump in regional energy prices following Russia's invasion of Ukraine, The Wall Street Journal reported.
- Steelmaker ArcelorMittal and chemical maker OCI are among companies making changes.
- Benchmark European natural gas prices climbed by more than 400% at their height during 2022.