May. 14 at 11:45 AM
$VG Europe’s Dependence on U.S. LNG Is Set to Surge
The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Financial Analysis has warned.
In a report cited by Reuters, IEEFA noted that the European Union already imports significant volumes of U.S. liquefied gas, creating a potentially risky dependence on a single supplier. LNG imports from the United States into the EU accounted for 58% of overall LNG imports. Yet this dependence is only going to increase in the coming years, the outlet said, recommending more wind, solar, and heat pumps as an alternative.
https://oilprice.com/Latest-Energy-News/World-News/Europes-Dependence-on-US-LNG-Is-Set-to-Surge.html
