Beggaring Europe: switching cheap Russian gas for expensive American LNG

Europe’s dependency

EU steps to significantly reduce Russian gas imports will see Europe newly dependent on much pricier US liquefied natural gas.

Europe’s dependency on Russian natural gas has been a contentious issue for European Union (EU) policy makers for decades. Dozens of policies have been proposed over the years to diversify the continent’s gas supply, or to switch to green energy sources in order to minimize reliance on Russian gas.

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