Article
Europe's Dependence On US LNG Set To Surge
Europe's Dependence On US LNG Set To Surge
By Irina Slav of OilPrice.com
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...
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