Cheap Russian LNG Keeps Flowing Despite EU Promises

The European Union could phase out all Russian natural gas purchases within a year, U.S. Energy Secretary Chris Wright said earlier this month. In fact, he said, the EU could switch from Russian gas to U.S. LNG in as little as six months. Yet there is a problem with this, and it is a pretty serious one: prices. Some are calling the EU hypocritical; others are justifying it in its continued purchases of Russian energy. It is an awkward situation that is likely to become even more awkward. In 2024, the EU made headlines for something its leadership…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com