"In 2021, Europe relied on Russia for around 50% of its natural gas, most delivered by pipeline. But following Russia's invasion of Ukraine in 2022, Europe moved quickly to limit this dependency and slashed demand by two-thirds within three years. At the same time, Europe has developed an unhealthy reliance on US liquefied natural gas (LNG). Dubbed "freedom gas" following Russia's invasion, the LNG is shipped in ever-higher volumes across the Atlantic via a network of new EU terminals."
"By 2025, around 57% of LNG imports to the EU came from the US around four times the 2021 levels. This is expected to rise to up to 80% by 2030, according to analysis from the Institute for Energy Economics & Financial Analysis (IEEFA), a global team of energy finance analysts. The US did not export any gas before 2016, as its reserves were kept for domestic consumption. It has since become the largest global supplier of LNG."
Europe cut its Russian pipeline gas exposure from around 50% in 2021 and reduced gas demand by two-thirds within three years after Russia's 2022 invasion of Ukraine. At the same time, US liquefied natural gas (LNG) shipments to the EU surged, driven by new terminals, reaching about 57% of EU LNG imports by 2025—roughly four times 2021 levels—and potentially rising to as much as 80% by 2030, according to IEEFA analysis. The United States began exporting gas after 2016 and has become the largest global LNG supplier. Analysts warn that heavy reliance on US LNG risks contradicting REPowerEU diversification and affordability objectives, since US LNG is costlier for EU buyers, including deals to route US LNG through southeastern Europe.
Read at www.dw.com
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