For the EU, “geopolitical concerns coincide with a growing dependence on U.S. LNG” (liquefied natural gas), according to the European Union Agency for the Cooperation of Energy Regulators (ACER) in a report published on Thursday 23 April.
Imports of LNG from the United States, which have soared by an “impressive” 45% in one year thanks to the drop in European purchases of Russian gas, now account for 30% of the EU’s total gas imports and almost two-thirds of its LNG imports.
This...