ddtuttle

The Globalization of Natural Gas

Missing here is the price of liquifying, trasnporting and gasification of LNG. Raw costs are close to the current price. Probably not a coincidence. So a small drop in US price (or the dollar), will make it unprofitable for some producers.
It is also much cheaper to ship it to Europe, which as you said is having problems with Russia's supply. Consider that round trip from Qatar through the Suez is shorter, takes less fuel (LNG), and allows more trips per year.
If we truly have a gas glut, then we should be subsidizing the conversion of cars and trucks to CNG or LNG to take even more pressure off gas prices.